Forecast of Today's Financial and Economic data: the number of initial jobless claims in the United States and the consumer confidence index of the euro zone in July were released in the evening.

Published: Jul 23, 2020 00:22

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SMM7 March 23: today focus on evening European and American data, Germany August Gfk consumer confidence index, consumer confidence is the leading indicator of consumer spending, and consumer spending is the most important part of overall economic activity. The rise in consumer confidence indicates an increase in future spending, which is good for economic growth and good for the euro.

The number of people applying for unemployment benefits in the week up to July 18 in the United States, as this data is released every week, is the focus of the investment market, and the substantial increase in the number of unemployed will increase the financial pressure on the US government. it is also a test for the US economy, which is suffering from "double red sickness", which is bad for the US dollar.

The consumer confidence index of the euro zone in July, through changes in the economic climate index, can reflect the expectations of consumers and business owners for the future economy and consumption, which is a leading indicator and can predict the future economic direction.

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