Eurozone: Sentix investor confidence, retail sales and German factory orders in focus – Danske Bank

Research Team at Danske Bank, suggests that today's data calendar is dominated by euro area releases. 

Key Quotes

“Since August, Sentix investor confidence index has surprised on the upside, beating consensus forecasts every month and has been among one of the many economic survey indicators suggesting continued economic optimism despite the UK's referendum and the signals of a future 'hard Brexit'. The ECB's stated commitment to a 'very substantial degree of monetary accommodation', strong PMIs and strong Ifo expectations suggest Sentix investor confidence will continue rising.

New orders PMIs showed promising figures in both August and September, indicating that the manufacturing sector was in a solid condition. As a result, we estimate another monthly increase for Germany factory orders today.

Finally, while consumer confidence and improved labour market conditions in isolation point to growth in the euro area retail sales, last week's drop in the German print challenges these signals and the slowly increasing oil price was probably a drag on September sales. We therefore expect a slight drop in m/m retail sales for the euro area.”