March 24, 2020

Fathom’s Chart of the Day 24.03.20 – Investors shrug off dire European surveys

by Fathom Consulting.

Euro area consumer confidence fell by 5 points in March – the sharpest fall on record. Along with other bleak surveys published this morning, it was largely ignored by investors. There is a growing acceptance that the world has suffered a ‘sudden stop’ in economic activity. Backward-looking data may take something of a back seat over the coming days and weeks. What matters now is: evidence on the spread of the disease; efforts towards finding a vaccine or an effective treatment and the response of policymakers, which needs to be both rapid and overwhelming.

Refresh this chart in your browser

This chart is taken from our new daily Recession Watch newsletter. To subscribe, please click here.

__________________________________________________________________________________

Datastream

Financial time series database which allows you to identify and examine trends, generate and test ideas and develop view points on the market.

Refinitiv offers the world’s most comprehensive historical database for numerical macroeconomic and cross-asset financial data which started in the 1950s and has grown into an indispensable resource for financial professionals. Find out more.

Article Keywords ,

Get In Touch

Subscribe

We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.×