FXStreet (Delhi) – Research Team at Danske Bank, suggests that following the Fed meeting yesterday focus today will be on the weekly jobless claims.
Key Quotes
“These have edged higher in the past week pointing to weaker activity and a softer labour market.
German CPI for January will give the first input to where Euro inflation (released Friday) will be this month. Consensus is a decline of -1.0% m/m (harmonised CPI) and increase in the annual inflation rate from 0.0% to 0.2%. The first Länder release CPI at 09:00 CET and the overall number for Germany will be published at 14:00 CET.
The first release of UK GDP for Q1 is due at 10:30 CET. We look for a rise of 0.5% q/q in line with consensus.
The EU Commission’s business and consumer surveys is expected to show a small decline but from an overall strong level.”
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