CB Consumer Confidence Index will be Published Today

CB Consumer Confidence Index will be Published Today

The high important economic news from the consumer sector that will be impacting the market is the release of the CB Consumer Confidence Index. The statistics will be disclosed by the Conference Board on Tuesday at 14:00 GMT. Financial experts are expecting it to be 104.5. Furthermore, if there is a rise in the values of the indicator, it would indicate a surge in consumer spending. Henceforth, the market participants who are trading in the US dollar quotes are highly recommended to be alert during the announcement of the indicator.

When the indicator was revealed on 26th Sept 2023 at 14:00 GMT, it stood at 103.0 instead of the anticipated 111.5. So now the top economists who are expecting it to have a slight increase. The CB Consumer Confidence Index is deemed a leading market indicator as the figures are assessed by a survey and 60% of it has to do with expectations. 

The Q3 GDP of the Eurozone to be Revealed Today

The market will be curiously watching out for the release of the Eurozone GDP for the third quarter, which will be disclosed by the Eurostat on Tuesday at 10:00 GMT. Top economists are forecasting it to have a rise of 0.2%. Also, the GDP of the Eurozone had an increase of 0.1% when the data was unveiled on 7th Sept 2023 at 09:00 GMT. 

Announcement of CPI of the Eurozone

Yet another economic news coming from the Eurozone is about the release of the Consumer Price Index for October, which will be made by the Eurostat on Tuesday at 10:00 GMT. Market participants who are trading in the euro quotes are suggested to be vigilant during the disclosure of the indicator. Top economists are expecting it to have an increase of 0.3%.