Eurozone inflation amongst market movers today – Danske Bank
Analysts at Danske Bank suggest that today, the final euro area inflation figures for December are due out and is going to be the key economic release for today’s session.
“Core inflation surprised again on the downside in the preliminary print and remained unchanged at 1.0%. We will look in particular for any signs that recent strong wage growth is starting to exert upwards pressure on some of the components of service price inflation.”
“The US Philly Fed index for January is also due out today and it will be interesting to see whether it mirrors the decline in the Empire index earlier this week, pointing to another slight decline for ISM manufacturing in January.”
“Following the dovish comments from Fed speakers, the Fed's Quarles is scheduled to speak later today. Keep an eye on comments on the future level of the balance sheet.”
“The US earnings season continues today with results from Morgan Stanley and Netflix.”