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Eurozone: More evidence of a slowdown? – Lloyds Bank

FXStreet (Córdoba) - According to economist at Lloyds Banks further monetary stimulus seems likely in the Euro area. Next week the key report will be the German ZEW survey that could provide evidences that the euro area economic activity has slowed.

Key Quotes:

“In the euro area, the German ZEW survey (Tuesday) will provide one of the first updates on economic activity in October. The gauge of future conditions is expected to slide for the fourth successive month. As a survey of financial market analysts the ZEW is strongly influenced by market fluctuations. The recent decline in expectations, however, coincides with a weakening in other indicators.”

Euro area industrial production (Wednesday) for August could also be weak given the slide in German activity.”

“With inflation also surprising on the downside, speeches by ECB Board members next week will be scrutinised for any indication of an increased willingness to extend its QE programme.”

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