Analysts at Danske Bank point out that in the euro area, we get preliminary HICP inflation for February and will be a key economic release for today’s session.
Key Quotes
“From the country HICP figures yesterday, we still expect euro area HICP to come in at 1.5% y/y (up from 1.4% in January, mainly on the back of higher energy prices, but also higher unprocessed food prices). There is downside risk to our expectation for core at 1.1% y/y, as French and Italian service price inflation decelerated, while that of Germany held steady.”
“In the euro area, we also get the unemployment rate for January. In December, it was 7.9%.”
“In the UK, we expect PMI manufacturing to have declined to 51.0 in February. This is still higher than the equivalent euro area index due to stockpiling (Brexit preparations).”
“In the US, the ISM manufacturing is due out this afternoon, which is expected to fall slightly.”
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