The INSEE consumer confidence index lost two more points between July and September (at 85). The decline is modest at first glance. However, the figure’s details are grim. French households are worried about their own situation and even more about the general standard of living. All this does not bode well for private consumption and is another bad news for GDP growth.
France: Missing confidence
Dark clouds over global markets
Danske Bank A/S
Asia Flash: Singapore posts improved activity indicators
The next phase of Abenomics
EURGBP heads towards technical resistance at 0.8600 after German IFO
EURUSD struggling with resistance around 1.2960 despite strong IFO