M3 Money Supply. EU, 11:00 (GMT+2) 29 Apr

29Apr.202510:00

M3 Money Supply. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), March data on the M3 Money Supply in the Eurozone will be published. It calculates all currency in circulation, bank deposits, repurchase agreements, and the value of money market shares. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rate. The annual value is expected to be around 4.0%.

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29 Apr. 2025 07:00

Gfk Group Consumer Climate. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), the data on GfK Group Consumer Climate index for May are due in Germany. The indicator measures the degree of confidence in the strength of the economy and is a leading indicator for consumer spending. The negative trend is likely to continue from −24.5 points to −25.6 points, acting as the driver of the downtrend of the euro.

29 Apr. 2025 11:00

Consumer Confidence. EU, 12:00 (GMT+2)

At 12:00 (GMT+2), April data on the Consumer Confidence Index in the Eurozone countries will be published, calculated on the basis of a survey of 2.3 thousand households that assess the prospects of the economy. This is a leading indicator for consumer spending, its high values indicate consumer optimism, and vice versa. The indicator is likely to be fixed around −16.7 points, putting pressure on the position of the single European currency.

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