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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)
EZ JUL FLASH CONSUMER CONFIDENCE -27.0 (FCST -24.9), JUN -23.8r
EU JUL FLASH CONSUMER CONFIDENCE -27.3, JUN -24.3r
- Consumer confidence dropped to the lowest levels on record in July, surpassing the early pandemic lows, according to the flash European Commission release.
- Sentiment dropped by 3.2 points in the eurozone (3.0 points in the EU) to -27.0 and -27.3, respectively. The final release will provide more detail behind the fall, following last month's record low assessment of future financial situations and major slides in buying intentions. As soaring +8.6% inflation in June continued to crush consumers’ financial outlooks, outlooks remain bleak.
- This data comes ahead of the ECB is set to hike by at least 25bp tomorrow. Markets will be paying close attention to signals for a larger-than-50bp hike at the September meet.
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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