This post was originally published on this site. France October consumer confidence 80 vs 85 expected Prior 86; revised to 85 That’s a major blow. French household confidence falls to its lowest since 2013 in October as fiscal worries and concerns over the country’s public finances weigh heavily on sentiment. That is not a good look as the index strays further away from the long-term average of 100, in which we haven’t seen since December 2021. There were marked deteriorations in sentiment among most sub-indices, as households noted worsening past and expected financial situations. Meanwhile, the sub-index measuring past and...

This post was originally published on this site.EUROPEAN SESSION In the European session, we don’t have much on the agenda other than a couple of low-tier releases like the French consumer confidence and the Spanish unemployment rate. The data won’t change anything for the ECB, so the market reaction will be muted.  The risk sentiment is neutral to bearish at the moment given the near-term risks like the FOMC decision, the US midterm elections and the possibility of renewed US strikes on Iran. Markets will likely continue to lean on the cautious side until we get a clear catalyst changing...