
At 11:00 (GMT+2), the July data on the eurozone consumer confidence index will be published. The index is calculated based on a survey of 2.3K 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 −15.9 points, exerting pressure on the “bullish” position of the single European currency.

