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FX.co ★ European Economic News Preview: German Consumer Confidence Data Due

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typeContent_19130:::2024-01-26T06:11:00

European Economic News Preview: German Consumer Confidence Data Due

On Friday, economic news from Europe will be relatively light, with a focus on consumer sentiment data from Germany and France.

At 2.00 am ET, the GfK market research group will release Germany's consumer confidence survey data. Forecasts suggest that the forward-looking sentiment index will rise to -24.5 in February, up from -25.1 in January.

Meanwhile, Norway's retail sales and household consumption figures, as well as Sweden's foreign trade and unemployment data, will also be made available.

At 2.45 am ET, France's statistical office INSEE will release consumer sentiment data for January. Experts predict that the confidence indicator will be at 90, a slight increase from 89 in December.

At 3.00 am ET, Spain is due to release quarterly unemployment data. The jobless rate is expected to rise slightly to 11.9 percent in the fourth quarter, up from 11.8 percent in the third quarter.

At 4.00 am ET, the European Central Bank is set to release monetary aggregates for December. M3 is expected to fall 0.7 percent annually, a decrease from November's 0.9 percent decline.

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