German inflation data amongst market movers today – Danske Bank

Analysts at Danske Bank suggest that today is slightly more interesting than the past two days with inflation data out of Germany and Spain ahead of the euro inflation release tomorrow.

Key Quotes

“In Europe, we also get consumer and business confidence indicators across countries today. In the US, the second estimate of GDP growth in Q3 is due out and the Fed is due to release its Beige Book.”

“Also in the US, Fed Chair Janet Yellen is due to appear before the Joint Economic Committee of Congress. However, given that markets have already priced in a December rate hike and Yellen is leaving the Fed soon, it is not really a market mover.”

“In the UK, BoE Governor Mark Carney and the BoE's Dave Ramsden are due to speak today. 

In Sweden, the FSA is due to publish its Financial Stability Report, which is likely to mirror the message from the Riksbank's report published recently. We will also get consumer confidence where we will look for signs of whether the recent development in the housing market is spilling over to confidence.”