Macro Brief: All about consumer confidence
Yesterday's mildly encouraging German economic data prints should be taken with a grain of salt and this scepticism will likely be confirmed by fresh data today.
Head of Macro Analysis, Saxo Bank Group
Summary: Rome and Brussels have reached an impasse over the Italian budget, with EU Economic Commissioner Pierre Moscovici threatening Italy with sanctions if it does not bring its spending in line with EU targets. Could another euro area crisis be on the horizon?