CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

Eurozone consumer confidence drops amid global growth concerns - ING

2019-06-20 23:25

"Consumer confidence falls from -6.5 to -7.2. Even though the household income situation is moving in the right direction, growth concerns seem to be the cause of increased pessimism," notes Bert Colijn, ING Eurozone Senior Economist.

"What’s not to like for consumers? They saw wage growth improve again in Q1 as labour shortages have finally taken wage growth back to pre-crisis levels. On top of that, unemployment has been coming down more rapidly than expected and is at the lowest level in more than a decade. The bottom line remains quite a positive story for the consumer, but worries about the growth environment are not helping future expectations right now."

"The decline in consumer confidence casts some doubt on the dichotomy between industry and services. The service sector delivers more directly to the consumer and therefore fares well in an environment of strong consumer spending. More pessimistic consumers could result in slower spending, which would in turn impact the performance of the service sector. That would spell problems for the Eurozone growth outlook in the rest of the year, which is already moderate at best."

This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

Economic news

    Exchange Rates

    GBPUSD -0.53% 1.29089
    EURUSD -0.78% 1.16531
    XAUUSD -0.57% 1866.81
    XTIUSD -4.01% 36.054
    NAS100 +1.21% 11327.3
    US30 -0.27% 26540.6