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German ZEW and UK CPI in focus – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, suggest that the focus of today’s European session will be on the release of German Zew expectations figure followed by the UK CPI inflation numbers.

Key Quotes

“We expect the German ZEW expectations index to extend the decline in October but at a slower pace than in September, as indicated by the Sentix investor confidence released last week. The weakness in emerging markets and the Volkswagen scandal are both weighing on the index.”

“We estimate UK CPI inflation of 0.0% m/m in September. While declining gasoline and diesel prices were a drag on inflation in September, we estimate that this was offset by higher inflation in the price of services. This is also the reason why we expect core inflation to have moved slightly higher in September.”

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