The research team at Danske Bank explains that today is another quiet day in terms of data releases and Euro area consumer confidence is the only market moving economic release for the day.
“In the afternoon, the euro area consumer confidence indicator for May is due out, which we expect to show a rise to -3.1 from -3.6 in April. Although political events seem to have limited effect on consumer confidence, the election of Emmanuel Macron could potentially give further tailwind to consumer confidence.”
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