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EUR: political unrest in Germany dies down a little…for now

By Kiran Najran November 22nd, 2017

It was a pretty quiet day for eurozone economic data yesterday and it was a bit of a surprise that the collapsed German coalition talks died down quite as much as it. It will no doubt rear its head again, especially when we learn whether talks will resume, a minority government will be led by Angela Merkel, or a fresh round of elections will take place.

Today we will see the flash consumer confidence numbers for November which are expected to increase to -0.8 from -1 in October. The European Central Bank are also scheduled to hold a non-monetary policy meeting.