Analysts at Danske Bank suggest that the focus on today’s session is going to be on the release of final euro area inflation numbers.
Key Quotes
“In terms of data today, we will get final euro area inflation for November and the US Empire index , which is the first regional US business survey for December. We expect euro inflation to be unchanged from the initial release, which showed headline inflation at 2.0% y/y and core inflation at 1.0% y/y. The US empire index is still at very high levels but is estimated to show a small decline in November.”
“The US NAHB housing index for December is also due today. It dropped sharply in November and added to signs of a slowdown in the housing market.”
“Key market themes continue to be Brexit and US-China trade talks. Markets will also be looking ahead to the Fed meeting on Wednesday. While a rate hike is widely expected, focus will be on signals on monetary policy in 2019. In the Scandies, an expected rate hike from theRiksbank on Thursday is likely to take centre stage.”
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