Forex News

The release of data on economic activity in the euro area is expected

Today, the release of data on economic confidence from the eurozone and consumer prices from Germany is expected, which foreshadows a busy day for European economic news.
At 2:00 am Eastern time, data on the level of consumer confidence in Germany from GfK will be published. It is expected that in October the leading consumer climate index will remain unchanged at 10.5.
At 3:00 am Eastern time, data on unemployment from Hungary and the results of a survey of economic trends from Sweden will be published. In September, the index of economic trends in Sweden fell to 110.3 from 111.5 in August.
At 4:00 am Eastern time, the European Central Bank intends to publish an economic bulletin.
In addition, the ECB will publish data on the change in the M3 aggregate of the money supply. Economists predict that the M3 unit will increase by 3.9 percent compared to the previous year, after a 4 percent increase in July.
In the meantime, the release of the results of a survey of business circles and consumers in Italy is expected.
At 5:00 am Eastern time, the European Commission intends to publish data on the economic sentiment of the eurozone. It is expected that the index of economic confidence will decrease from 111.6 in August to 111.2 in September.
At 8:00 am Eastern time, preliminary inflation data will be provided in Germany. According to forecasts, inflation will remain at the level of 2 percent in September.