Eurozone: Consumer confidence and survey of professional forecasts in focus – Danske Bank

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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