© Reuters. Investors watch out for business confidence in Europe this week
Madrid, Oct 11 (.) .- Investors will be watching this week for the October business confidence indices for Germany and the euro area, which will be released on Tuesday, but especially other factors that will influence the markets.
For Sara Carbonell, from CMC Markets, this week will continue with the same catalysts, such as the elections in the United States, the stimulus plan in that country, the messages from President Donald Trump and the development of coronavirus infections.
Regarding economic data, the euro area industrial production index for August will be published on Wednesday and the consensus of analysts expects its growth to slow down compared to July, although maintaining a positive rate, adds this analyst.
On Thursday the reserves of and the requests for unemployment benefits from the US will be known that last week still showed the weakness in the US labor market, adds Carbonell.
Stefan Rondorf, investment manager at Allianz (DE 🙂 Global Investors, recalls that the second debate of the US presidential campaign could take place this week, unless it is made difficult by the health of Donald Trump.
In Europe, important decisions for the Brexit process are expected to be made at the European Union summit later this week, he adds.
In the United States, data related to consumption stand out: retail sales for September on Friday and the same day the Consumer Confidence Index from the University of Michigan for October will give an indication on the willingness to spend and the mood of Americans after the reduction of the government’s public benefits, according to this analyst.
For Singular Bank, another center of interest will be on Friday the final CPI data for the eurozone for September, which could confirm the downward pressure of the COVID-19 crisis on the price level despite the monetary stimulus of the ECB .
The evolution of the US CPI for September will be released on Tuesday and the evolution of the industrial production of that country in September will be published on Friday 16, according to this source.
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