Tuesday's Market Movers
German Ifo (10:00 CET) is expected to show a further increase from 106.2 to 106.7 (consensus 106.9), mirroring the improvement we saw in German Flash PMI. This should confirm that the German economy is gaining further strength in H2.
We expect US consumer confidence from the Conference Board to be unchanged in August at 80.3. The index from University of Michigan suggested that the recent improvement in confidence came to a halt in August. Consumer confidence should stay close to the highest level in more than five years, though.
ECB's Coeuré will speak and the US releases Case/Shiller house prices.
The Danish government is due to present its budget proposal for 2014.
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