Market movers for today – Danske Bank

In the euro area , a key release is the ECB minutes from the January meeting, according to analysts at Danske Bank.

Key Quotes

“No changes were announced at the meeting but we will look for the attention the (in hindsight) small sell-off and exchange rate volatility had at the time of the meeting. Also, we will be looking for any indications of when the ECB could revisit forward guidance.”

“In Germany, we will get numbers for the IFO expectations, which we believe will show a further decline to 107.9, possibly influenced by some turbulent weeks in the stock markets.”

“In the UK , we will get more details about what drove economic growth in Q4 with the second release of GDP growth.”

“Also in the UK , Theresa May and her most senior cabinet ministers will meet to try and agree on a Brexit trade deal that they want with the EU in the post-Brexit future. This will be a litmus test for the UK Prime Minister as her cabinet still appears to be divided between those who want a soft and a hard Brexit.”

“Overnight, we will get January inflation figures for Japan . Inflation has been ticking upwards over the past year but it has been driven primarily by energy prices. The underlying price pressure in Japan remains very low. Recently, according to IHS Markit data, prices charged by both the service and the manufacturing sector have risen. It will be interesting to see whether these figures will also induce higher consumer prices.”