Analysts at TD Securities point out that today, the German IFO survey is released for February, and markets look for a decline in the Current Assessment Index to 103.9, while the Expectations Index remains broadly unchanged at 94.3.
Key Quotes
“Italy currently holds a BBB Negative rating from Fitch, but this comes up for review on Friday. Italy has slipped into recession since Fitch’s last update in August, and diminished 2019 growth prospects are likely to lead to a rating downgrade to BBB- Negative (stable). While it could be bearish for rates, the downgrade should not have index implications.”
“Final euro area inflation figures for January are also released and will provide details on the upside surprise in core inflation registered that month.”
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