Eurozone GDP and German inflation figures amongst market movers today – Danske Bank

In the euro area, market focus will be on GDP figures for Q4 17 today, in addition to the German inflation data, according to analysts at Danske Bank.

Key Quotes

“Growth was strong in the first three quarters of 2017, with the latest print for Q3 at 0.7% q/q.”

“Both survey and activity indicators have pointed towards continued strong growth and hence we look for another solid reading of Q4 GDP growth of 0.6% q/q. As it is the first release, we will not yet receive much detail on the growth drivers though. Note that France and Spain will also release preliminary Q4 17 GDP data today.”

“Also in the euro area, German inflation figures are published, ahead of the euro area HICP data tomorrow. Markets are likely to look out for any signs that core inflation is picking up, as visible inflationary pressure in the euro area's biggest economy remains largely absent.”

“The ECB's Yves Mersch will also speak in Frankfurt and markets will watch out for further insights into the contrasting views within the Governing Council at the moment.”