At 17:00 (GMT+2), February data on the consumer confidence index in the euro area will be published. The indicator is calculated based on a survey of 2.3K households that assesses the economic prospects. It is a leading indicator for consumer spending: high readings indicate consumer optimism and vice versa. The negative dynamics are forecast to continue from –20.9 points to –18.3 points, likely to pressure the positions of the single European currency.
