Eurozone: Consumer confidence and survey of professional forecasts in focus – Danske Bank
|Research Team at Danske Bank, suggests that today, we have a thin calendar in terms of global data releases.
Key Quotes
“In the euro area today, the ECB is set to publish the Survey of Professional Forecasts, containing longer-term inflation expectations. Recently, the ECB has emphasised these fairly stable survey expectations at a time when market-based inflation expectations have been very weak. However, there is also some weakness in the survey expectations, with an increasing share of forecasters expecting inflation to remain below 2.0% in the longer term.
The consumer confidence figure for October in the euro area is also released today. Together, with other economic survey indicators, consumer confidence has been resilient to the UK s vote to leave the EU. It remains supported by solid employment growth and the still-low oil price but, looking ahead, lower real wage growth is likely to become a headwind.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.