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Eurozone M3 Money Supply (3m) fell from previous 3% to 2.9% in October

• Prior 88.3
• Consumer confidence 95.0 vs 97.6 expected
• Prior 97.6
• Full report here

This is not a market-moving release.

From the agency:

In November 2025, the consumer confidence index decreased from 97.6 to 95.0. New negative hints affected all its components: the future climate sunk from 94.1 to 90.2, the personal one worsened from 97.0 to 94.5, the economic one from 99.3 to 96.5, and, finally, the current one from 100.2 to 98.6.

The manufacturing confidence climate improved from 88.4 to 89.6. Compared to the previous survey, assessments on order books recovered, expectations on production bettered and the level of inventories was judged to be decreasing (the related balances changed from -19.2 to -17.7, from 2.2 to 3.5 and from 2.3 to 1.4, respectively).

This article was written by Giuseppe Dellamotta at investinglive.com.

• Prior +2.8%

This article was written by Justin Low at investinglive.com.

Eurozone M3 Money Supply (YoY) in line with forecasts (2.8%) in October

The Oil market is stuck between the potential for progress in Russia-Ukraine peace talks and what that would mean for Oil supply amid a broader risk-on trade as expectations grow for a December interest rate cut by the US Federal Reserve.

The Dollar Index (DXY) gaps as markets price an 80% chance of a December Fed cut, extending the shift in Fed rhetoric, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

The Euro could extend gains if Ukraine peace talks deliver a breakthrough, though negotiations may continue into next week. EUR/USD’s return to 1.16 opens room toward 1.17–1.18, ING’s FX analyst Francesco Pesole notes.

Chinese entrepreneurs have ramped up their charitable commitments in recent years to heed Beijing’s call to put social responsibility before profits.

The Pound Sterling (GBP) staged a relief rebound yesterday after the UK government released details of their own budget. There was initial relief amongst market participants that the Autumn Statement did not trigger a sell-off in the gilt market.

• Eurostoxx +0.2%
• Germany DAX +0.5%
• France CAC 40 +0.1%
• UK FTSE flat
• Spain IBEX +0.2%
• Italy FTSE MIB +0.3%

Turkey day closure for Wall Street? No problem. The risk rebound this week continues to gather pace for the most part. We don’t have much to work with this session or for the day even, but investors seem content to keep a more steady mood with month-end also a consideration in the next two days.

This article was written by Justin Low at investinglive.com.