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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 OCT FLASH CONSUMER CONFIDENCE -27.6 (FCST -30.0); SEP -28.8
- Despite consensus expecting a fresh record low in October, eurozone consumer confidence increased by 1.2 points to -27.6 in the flash release.
- The indicator has been significantly below the long-term average of -12 since the onset of the Ukraine war in March, which fuelled the global jump in energy prices and the deterioration of economic outlooks. The extremely negative outlooks will add to waning consumer spending into year-end for the bloc.
- Sentiment in the EU also ticked up, albeit from a more severe low. Lower confidence in the EU is largely due to Eastern European EU non-euro countries being more heavily impacted through more extreme inflation and both closer proximity and trade relations with Russia.
- The full release due next Friday will offer further details.
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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