Euro Area EUR

Euro Area European Business Summit

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

The Euro Area European Business Summit measures the overall sentiment and outlook of business leaders regarding economic conditions in Europe. It primarily focuses on assessing factors such as investment expectations, operational performance, and employment trends among businesses at the regional level.

Frequency

This event typically occurs annually, with the results published shortly after the conclusion of the summit.

Why Do Traders Care?

Traders pay close attention to the outcomes of the summit as it provides critical insights into the future business climate and decision-making of corporate leaders, which can influence financial markets and investor sentiment. Positive implications from the summit can bolster asset prices, including currencies such as the euro and equities, while negative sentiments may lead to bearish trends in these markets.

What Is It Derived From?

The insights from the Euro Area European Business Summit are derived from discussions and surveys conducted with business leaders, economists, and policymakers who provide their perspectives on current and future economic conditions. The aggregation of their opinions helps create a composite index of business confidence.

Description

Preliminary reports from the summit are based on initial feedback and discussions, which may be revised as more data becomes available and formal reports are released later. These reports can illustrate the prevailing sentiment among businesses and may serve as a leading indicator for future economic activity, particularly in investment and employment trends.

Additional Notes

This event serves as a leading indicator for economic trends, providing foresight into business investment and hiring plans. It often correlates with broader economic conditions in the Euro Area and may be compared to similar sentiment indicators across different economies.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for Euro, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise
Jun 02, 2016
Jun 01, 2016