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France consumer confidence plunges to lowest since 2013 as fiscal worries deepen

France October consumer confidence 80 vs 85 expected Prior 86; revised to 85 That's a major blow. French household confidence falls to its lowest since 2013 in October as fiscal worries and concerns over the country's public finances weigh heavily on sentiment. That is not a good look as the index strays further away from the long-term average of 100, in which we haven't seen since December 2021.…

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What are the main events for today?

EUROPEAN SESSION In the European session, we don't have much on the agenda other than a couple of low-tier releases like the French consumer confidence and the Spanish unemployment rate. The data won't change anything for the ECB, so the market reaction will be muted. The risk sentiment is neutral to bearish at the moment given the near-term risks like the FOMC decision, the US midterm elections…

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