At 17:00 (GMT+2), the February data on the eurozone consumer confidence index will be published. The index is calculated based on a survey of 2.3 thousand households assessing the economic outlook. It is a leading indicator for consumer spending, with high values indicating consumer optimism and vice versa. The indicator is likely to stabilize around −12.2 points, exerting pressure on the “bullish” position of the single European currency.
