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  • Squawk / 09 April 2015 at 13:57 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    US consumer confidence hits highest level since 2007:

    The weekly Bloomberg consumer comfort index rose to 47.9 last week, the highest since May 2007, from 46.2 a week earlier. The state of the economy index rose to 39.5 from 37.1 while the personal finances index gained 0.4 points to 60.5 and the buying climate index gained 2.5 points to 43.8.

    The continuing improvement in the labour market (data today showed initial jobless claims below 300,000 yet again) is no doubt key to the recent improvements in the consumer confidence index. The index spent four years (2008-2011) stuck in a 25-30 range.

    The more well-known University of Michigan consumer sentiment index will be released on April 17 with consensus looking for a small increase to 93.5 from 93.
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  • Article / 07 April 2015 at 6:21 GMT

    3 Numbers: Eurozone confidence rising, EU PPI, US job openings

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Eurozone confidence rising, EU PPI, US job openings
    The Eurozone's sentiment index should show a gradual rise, especially need in countries like France which have shown negligible growth; meanwhile the grip of deflation in Europe's industrial sector needs to be seen to be lessening and in the US job openings also need to be seen to be rising, given the weak LMIC and payrolls prints
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  • Calendar event / 31 March 2015 at 14:00 GMT

    US Consumer Confidence Index

    forecast
    actual
    Med Consumer Confidence Index
    96.8
    101.3
    Med Expectation Index
    Med Present Situation Index
  • Article / 23 March 2015 at 6:00 GMT

    3 Numbers: Upbeat UK industrial trend, US home sales, EU consumer mood

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Upbeat UK industrial trend, US home sales, EU consumer mood
    There are certainly risks lurking in the outlook for the UK, including the potential for turbulence from a possible Grexit. But today’s survey of the mood among UK manufacturing executives is likely to provide upbeat news. In the US, housing has been weak, but there are hopes for firmer numbers for today’s report on existing home sales
    Meanwhile in the Eurozone, recent history suggests that the consumer sentiment measure will hold onto recent gains if not inch higher.
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  • Squawk / 12 March 2015 at 14:35 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    US consumer confidence little changed:

    Consumers in the world's largest economy reported mostly unchanged confidence compared to a week ago. The weekly Bloomberg Consumer Comfort Index declined 0.2 points to 43.3. The index reached a cyclical high in late January of 47.3.

    Personal finances rose to 54.8 from 54.1 while buying climate dropped to 38.2 from 39.3.

    The preliminary March consumer confidence index from the University of Michigan will be reported tomorrow. Consensus looks for a small increase to 95.5 from 95.4.
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  • Squawk / 26 February 2015 at 7:56 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    German consumer confidence hits new all-time high:

    Consumers in the euro area's largest economy are feeling more upbeat about the economy than at any point in the last decade. In fact, the GfK's consumer confidence index rose to 9.7 in the latest report (for March) vs. 9.5 expected and 9.3 prior. This is the highest level recorded in this series, which started in 2005.

    The willingness to buy sub-index rose to 59.1 in February*, an eight-year high, which supports our outlook that consumers will help drive growth in Germany.

    * Sub-indices are lagged one month.
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  • Article / 26 February 2015 at 5:56 GMT

    3 Numbers: German consumer climate remains sunny, EU sentiment, US CPI

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: German consumer climate remains sunny, EU sentiment, US CPI
    While Germany's unemployment figures are released today, eyes will initially be on the consumer sentiment data that comes out earlier. Once again, expectations are for an improvement in tone. Meanwhile, today's economic sentiment data for the Eurozone is expected to show signs of an uptick, while in the US, soft inflation numbers will likely keep rate rises on hold for a while longer.
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