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29 Dec 2015

Eyes on US Consumer Confidence Report

The global economic calendar appears light for the final week of 2015. Among the main releases in the Euro area earlier today, Italy’s consumer confidence figures for this month indicated a slight deceleration in morale. Markets also witnessed an easing of sentiment in the nation’s accompanying business confidence report. The softness in consumer and business sentiment for December may put an obstacle in Italy’s modest rebound. In the session ahead, more consumer confidence numbers from across the Atlantic will be worth watching, especially in light of the just ended Christmas holiday period. Expectations are that today’s report by the Conference board would provide further holiday cheer.