Euro area consumer confidence in the limelight – Danske Bank

Research Team at Danske Bank, suggests that the Euro area consumer confidence for November is due to be released at 16:00 CET and will be closely watched by the investors.

Key Quotes

“Consumer confidence improved to -8 in October versus August, but it is not certain that the positive trend will continue. Consumer confidence has so far been resilient to the UK's vote to leave the EU and the still low oil price and continuing employment growth support consumer confidence. However, downside risk exists due to uncertainty following the election of Donald Trump and its possible consequences for EU scepticism in the euro area.”