Eurozone consumer confidence rebounds in July - ING


"Consumer confidence increased from -7.2 to -6.6 in July, suggesting the outlook for household consumption is moderately positive in 3Q," ING analysts said after the European Commission published its preliminary Consumer Confidence report for July.

"Since the start of the year, confidence has moved sideways after significant declines over the course of 2018. This month’s increase does not break with that trend, but was better than most analysts had expected. Consumers continue to benefit from relatively low inflation, improving wages and declining unemployment. There is a lot for the consumer to like, although concerns about the global economic outlook have dampened confidence for quite some time now."

"This slight green shoot will not make a difference to policymakers at the European Central Bank on Thursday, who are set to decide on possible stimulus measures. It is a good start to this month’s surveys though as improved confidence helps growth in household consumption in the third quarter. As industrial performance remains weak for now, the consumer is key for continued GDP growth in 3Q."

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.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

AUD/USD at its highest since January ahead of RBA’s decision

The Australian dollar soared against a weakened greenback, trading around 0.6800 a level that was last seen in January. RBA seen holding rates unchanged and maintaining its optimistic stance.

AUD/USD News

EUR/USD trades around 1.1130 amid broad dollar’s weakness

EUR/USD holds on to modest daily gains as speculative interest dumped the greenback on the back of dismal US data and civil unrest in the US.

EUR/USD News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Pointing beyond the Moon

XRP remains on the sidelines, although it could join the bullish run. The crypto market is starting to remind us of times gone by, with dazzling rises across the crypto board that draw the public's attention.

Read more

Gold struggles to hold above $1,740, looks to post modest daily gains

The XAU/USD pair started the week with a bullish gap and rose above $1,740 during the Asian trading hours before losing its traction. After dropping toward $1,730, however, the pair capitalized on the broad-based USD weakness during the American trading hours and now looks to close in the positive territory. 

Gold News

WTI trading near session’s lows around $34.80 a barrel

Crude oil is trading near session’s lows as WTI is trading above the main SMAs on the four-hour chart. However, as the black gold remains fragile in a dominant downtrend, it remains to be seen if WTI can regain the 36.00 resistance. 

Oil News

Forex MAJORS

Cryptocurrencies

Signatures