Stay Connected

Our News Centre and Blog is your link to a dynamic network of information, people, and ideas curated by our FX and payments experts.

Market Wire
EU Consumer Confidence Continues to Notch Higher

Sean Coakley April 20, 2017

Flash European consumer confidence came in at -4 today, beating expectations of -5 and continuing a general trend of better-than-expected economic data out of the Eurozone.

While this is by no means a reason to celebrate, as a negative read still indicates pessimistic sentiment, the numbers do signal that the Eurozone’s slow recovery from the financial crisis remains on track.

The market response has been muted, but European equities continue to outpace North American shares while the euro outperforms both the greenback and pound sterling.

Bottom Line: A sustained recovery in the EU will eventually prompt a more hawkish stance from the European Central Bank. While the ECB has already taken steps to ratchet down its quantitative easing program, continued good news out of the EU is likely to accelerate this process. Euro bulls may yet rejoice.

To receive our weekly market briefing, breaking market wires and research reports direct to your inbox subscribe!

Popular Tags

cambridge Market Wire

How can we help you?

Let us get to work on helping you today.

Thank You. We’ll be in touch within 24 hours.