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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Dots

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Thursday, August 23, 2012

Consumers Grow More Uncomfortable in Europe

Data released today (Thursday) shows that consumers in the Eurozone are growing ever-more uncomfortable, as shown on the graph below.

Since Consumer Confidence is a "leading indicator of consumer spending, which accounts for a majority of overall economic activity," and they are approaching the 2009 lows, this does not match the buoyant signals that the European markets have been sending/portraying. As they are major importers of Chinese products, this will, no doubt, continue to impact China's slowing economy, as mentioned in my last post.