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  • Calendar event / Tuesday at 14:00 GMT

    US Consumer Confidence Index

    forecast
    actual
    Med Consumer Confidence Index
    97.5
    101.4
    Med Expectation Index
    94.6
    Med Present Situation Index
    111.6
  • Article / Tuesday at 4:57 GMT

    3 Numbers: Cracks emerge in German jobs trend, EZ CPI, US confidence

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Cracks emerge in German jobs trend, EZ CPI, US confidence
    Greece remains in the headlines but Germany's unemployment update for June will also be attracting attention. While it is expected to stay largely upbeat, there is the potential for some cracks to emerge. Meanwhile, the Eurozone's CPI number may show some slowing in pricing pressure while across the Atlantic, the mood around US consumer confidence is brightening.
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  • Squawk / Monday at 9:29 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    Economic confidence ticks lower in the euro area:

    The Greek situation with its referendum and bank holidays continue to dominate headlines, and as such it is no surprise to see a slight drop in the overall euro area economic confidence in June. The main index fell to 103.5 this month vs. 103.8 expected and prior led by an industrial confidence drop to -3.4 from -3. Confidence among businesses in the services sector was unchanged at 7.9 (8 expected).

    Among the "big 4" in the euro area Spain continues to have the strongest confidence in its economy, but it has lost some momentum recently and fell 2 points to 108.4 in June. German confidence was unchanged at 105 while French confidence eased lower to 98.5. Italian confidence climbed 0.8 points to 106.5.

    Despite headlines about Greece the broader euro area is seeing a cyclical upswing helped by a low euro and cheap oil. Growth is projected to hit at least 1.5% this year from 0.8% in 2014.
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  • Article / Monday at 5:04 GMT

    3 Numbers: EU business climate optimistic, US homes, Dallas Fed index

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: EU business climate optimistic, US homes, Dallas Fed index
    Greece will play a big part in the week ahead as the market deals with the uncertainty over a Grexit. Other news in Europe includes the Eurozone's June's Business Climate Indicator, which may show a bit of short-term weakness but cautious optimism remains. Across the Atlantic, US pending home sales are expected to move higher, while data from today's Dallas Fed Index will provide more support, if only on the margins, for the belief that manufacturing is stabilising.
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  • Squawk / 25 June 2015 at 7:28 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    German consumer confidence tick down in July from record-high:

    German households continue to be very bullish about their situation, but confidence did nevertheless inch down in July to 10.1 from 10.2 - the first decline since October 2014 when the index stood at 8.4.

    A look at the components, which are available for June, suggests that the mess regarding the Greek bailout situation is having an impact on the German consumers. The economic outlook index slid no less than 13.5 points in June to 24.9, the lowest reading since January.

    The willingness to buy index eased 5.6 points to 57, bu remains very high, suggesting that spending on durable goods will continue to support economic growth in Germany going forward.

    Lastly, the income expectations index rose to 57.2 from 52 reflecting to continual improvements in the labour market, which is translating into annual (real) wage growth of 2-4% depending on the sector.

    The DAX index is down 0.2% in the first 30 minutes of trading.
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  • Article / 25 June 2015 at 5:00 GMT

    3 Numbers: Fragile German consumer mood, US spending, US services PMI

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Fragile German consumer mood, US spending, US services PMI
    Today’s Gfk update should reveal continued strength in German consumer sentiment, but anxiety over Greece could see a return to gloom. On the other side of the Atlantic, the US economy has delivered mixed results lately. But the consensus view is that last month marked the start of a robust recovery in consumer spending. And the US Services PMI is likely to show a healthy pace of growth in this key sector. Overall the signs support optimism about the prospects for a US recovery.
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  • Squawk / 12 June 2015 at 14:04 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    US consumer confidence rebounds in June, says University of Michigan:

    US households are more optimistic about their situation, according to a preliminary confidence report. The headline confidence index rose to 94.6 in June vs. 91.2 expected and 90.7 in May. While there is still some way to go before the cyclical peak from January is reached (98.1), today's number marks a comeback following the May reading, which is the lowest reading of 2015 and the lowest since November.

    The two sub-indices are both higher in June with the forward-looking expectations index gaining 2.6 points to 86.8 while the economic conditions index rose 6 points to 106.8. The 1-year inflation outlook dropped to 2.7% from 2.8%, and so too did the 5-to-10-year outlook.
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  • Squawk / 26 May 2015 at 14:08 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    US new home sales, consumer confidence rise:

    Consumers in the world's largest economy are getting more upbeat about their situation, according to the Conference Board's May report. The headline confidence index rose to 95.4 from 94.3 (revised down from 95.2) beating expectations of 95. While the May report was better than expected, it is worth keeping in mind that the index stood at 103.8 back in January, so there is still some way to go before a new cyclical high is reached.

    In another report we learned that new home sales rose by 6.8% in April, faster than the 5% expected, resulting in 517,000 sales last month vs. 484,000 in March.

    Lastly, the Richmond Federal Reserve released its May manufacturing index, which printed 1 vs. 0 expected and -3 prior as new orders bounced back to 2 from -6 while shipments gained 5 points to -1.
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