Developed markets snapshot - ING

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at ING noted the key data of yesterday in a snapshot for the developed markets.

    Key Quotes:

    "US: Outside influences

    Yesterday’s surprise drop in consumer confidence seems at odds with strong employment data and rising equity and home prices.

    UK: Tough times

    Chancellor George Osborne presents the Autumn Budget Statement and the Spending Review later today, which will provide the details on the aggressive austerity measures already outlined.

    Germany: Confidence conundrum

    While hard data suggests difficult times for industry and exports, strong German soft data points to a possible conundrum in the economy.

    Belgium: The day after lockdown

    After four days of lockdown in Brussels, economic activity is slowly resuming today. The short term negative impact on the economy is likely to be limited. But in the longer term, this could have a cost and weigh on public finances.

    France: Confidence is stabilizing on the back of 11/13 attacks

    Following the PMI and business confidence surveys published earlier this week, consumer confidence will be released this morning and is likely to show some stabilization, a sign that the recovery remains weak in the Eurozone’s second-largest economy, although the sky looks brighter for 2016. "
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