Consumer confidence. EU, 16:00 (GMT+2)

At 16:00 (GMT+2), preliminary data on the EU consumer confidence for October is due. The indicator is based on a survey of 2.3K households assessing the prospects for the economy. It is a leading indicator for consumer spending. High readings indicate consumer optimism and vice versa. The index may rise from –12.9 points to –12.0 points, remaining in the negative zone, putting pressure on the euro.

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