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Analysts at Danske Bank suggest that today’s highlight is the advance euro area GDP figure and will be a key economic release today’s session.

Key Quotes

“Quarterly growth rates slowed to 0.4% q/q in H1 18 and we expect to see a similar pace of expansion in Q3 18. We will not yet get a component breakdown, but we estimate growth in Q3 was driven mainly by domestic demand. Some country GDP figures, such as France, are due out.”

“Spain and Germany will release their CPI figures ahead of the euro area HICP tomorrow, which will give an indication of whether we are in for a negative surprise, which has been the case recently.”

“In the overnight session, the Bank of Japan will meet and Chinese PMIs are due. We do not expect any new policy signals from the BoJ. We look for how close the Chinese PMI will be on the 50 threshold.”