OctaFX | OctaFX Forex Broker
Open trading account
Back

German IFO, headlines regarding corona virus amongst market movers today – Danske

According to analysts at Danske Bank, markets will continue to pay close attention to headlines regarding the spreading of the corona virus. Meanwhile, the global calendar is light today with the only scheduled release of the German IFO index for January.

Key Quotes:

“As the Chinese New Year has kicked off, markets will continue to pay close attention to headlines regarding the spreading of the corona virus. Later this week Chinese PMI figures (Friday) will be closely watched for any potential negative impact already showing up in service sector activity.”

“We start the week in a quiet manner on the data front with the German IFO index for January released today. In light of a further rebound in the ZEW and PMI numbers last week, we expect IFO to chime in with the signal that the gloomy skies over Germany's manufacturing sector are brightening.”

“Later this week, we look forward to the FOMC (Wednesday) and Bank of England (Thursday) meetings and European inflation figures (Friday).”

China extends containment efforts on coronavirus outbreak, risk still fragile

In further containment efforts, China’s National Development and Reform Commission (NDRC), the country’s state planner, announced on Monday that it pl
Read more Previous

JPY Futures: Rebound seen limited

CME Group’s advanced data showed open interest and volume shrinking by around 4.6K contracts and nearly 35.3K contracts, respectively, on Friday. USD/
Read more Next
Start livechat