European Central Bank’s President, Christine Lagarde, made a speech yesterday, pledging a stimulus response package for next month. She said that despite news that a vaccine could be on its way, this shouldn’t stop financial aid to help the bloc recover from the effects of the pandemic.
At the EU summit yesterday, the 27 member states sat down to discuss the EU budget after it was recently blocked by Hungary and Poland.
The Eurozone’s latest construction output data for September was released yesterday, showing a 2.9% drop month-on-month. Today, the consumer confidence indicator for the Eurozone will be released, which measures the level of optimism that consumers have about the economy. It is expected to show a drop in November amid rising COVID-19 cases.
