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Indicator Spotlight

Confidence Cracks, Stable Inflation Expectations Support ECB Dovish Bias

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Weak European consumer confidence adds to recent sentiment misses and reinforces our tactical long December 2025 ESTR futures versus SOFR position. April flash Consumer Confidence fell to -16.7 from -14.5 in March, missing expectations and aligning with…

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