
At 17:00 (GMT+2), the November data on the consumer confidence index in the EU countries is due, based on a survey of 2.3K households assessing the prospects of the economy. It is a leading indicator for consumer spending, its high values indicate consumer optimism, and vice versa. In November, the indicator is likely to slow its negative dynamics from –12.5 points to –12.0 points, still putting pressure on the euro.

