The level of confidence among business leaders, consumers and investors is an excellent indicator of future economic activity. It can
foster rising interest rates and booming corporate earnings but, when it wanes, can lead to their fall. It is therefore closely linked to market trends
(see chart below).
This interconnection, which points up the need to analyse the level of confidence among company leaders and consumers, is addressed in our article on the Euro Zone in this week's issue of Macro Highlights & Strategy.