Developed markets snapshot – ING

By FXStreet 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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Source:: FX Street