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.
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UPCOMING (MAJOR) ECONOMIC EVENTS...
* Wed. Nov. 22 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Thurs. Nov. 23 ~ U.S. Markets closed for Thanksgiving holiday
* Fri. Nov. 24 @ 1:00 pm ET ~ U.S. Markets close early
* Wed. Nov. 29 @ 2:00 pm ET ~ Beige Book Report
* Fri. Dec. 8 @ 8:30 am ET ~ Employment Data
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