Italy’s consumer morale worsens in October

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: November 20, 2024

Consumer morale in Italy has weakened in October, data by the National Institute of Statistics showed.

The gauge of consumer confidence came in at a reading of 97.4 in October, while easing from 98.3 in September.

The latest figure fell short of market consensus of 98.5, but it remained above the average for the year.

The sub-index of current climate fell to 99.7 in October from 103.9 in September, while the future climate sub-index dropped to a six-month low of 95.0 from 97.4 in September.

Meanwhile, the sub-index of personal climate improved to 96.6 in October from 96.3 in September.

The EUR/GBP currency pair settled 0.28% lower at 0.8321 on Friday. For the week, the minor currency pair inched down 0.05%.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

ANZ Banking Group share price down, to sell its Esanda Dealer Finance unit Australia and New Zealand Banking Group, Australias third-largest lender by market value, said on Monday it intends to sell its car and equipment finance business in order to cut its capital requirements.The unit, which has $6.5 billion […]
Forex Market: EUR/NOK daily forecast During yesterday’s trading session EUR/NOK traded within the range of 8.3111-8.3866 and closed at 8.3597.At 6:05 GMT today EUR/NOK was gaining 0.11% for the day to trade at 8.3653. The pair touched a daily high at 8.3678 at 6:03 […]
UK cuts result in hunger In an attempt to boost the economy and take it back to the favorable levels UK government is forced to make spending cuts. The unemployment of 7.8% has been a reason for more than 500 000 people to be going hungry as food becomes more […]
Bitdeer mines a total of 403 Bitcoins in November Bitdeer Technologies Group said on Thursday that it had mined 403 Bitcoins in November. That figure represented a 12.8% decrease compared to October, mostly because of a temporary curtailment of power and the mining machines downclocking […]
Gold futures weekly recap, January 19 – January 23 Gold slid on Friday to mark its third consecutive weekly increase and although the gain was not as impressive as last weeks 5%, it outlined continued investor interest towards the metal.Comex gold for delivery in February fell 0.62% to $1 […]
Forex Market: AUD/USD daily forecast During Friday’s trading session AUD/USD traded within the range of 0.9347-0.9379 and closed at 0.9363.At 9:00 GMT AUD/USD traded at 0.9370, adding 0.07% for the day. The pair touched a daily high at 0.9377 at 7:40 GMT.Fundamental […]

Related News