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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE DATA
MNI (London)
EUROZONE NOV ECO CONFIDENCE 93.7 (FCST 93.2); OCT 92.7r
- Eurozone economic sentiment improved by one point to 93.7, with employment expectations rising by two points to 107.4 in November. More optimistic expectations and outlooks are driving the improvements.
- In November, the 3.6-point uptick in consumer confidence largely drove the higher headline index.
- Buoyant consumer spending despite high inflationary pressures has underpinned a marginal uptick in services confidence ahead of the holiday season appearing less likely to be affected by a Covid outbreak.
- Yet industrial confidence weakened for the ninth month running, mirroring evidence in PMI data of falling new orders.
- The EC report found selling price expectations eased broadly across industries and consumer expectations. This, alongside lower Spanish CPI and (anticipated) lower German CPI in today's data will be a confidence boost for the ECB that headline inflation at least is likely changing course.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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