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According to analysts at Danske Bank, in today’s market key focus will be on the  Riksbank meeting  in addition to the US CPI data.

Key Quotes

“We do not expect the Riksbank to make any changes to the repo rate or the repo rate path but would not be surprised to see a softer tone. This is priced in by markets already, however, as SEK has weakened significantly recently.”

“On the global scene, we will have a number of important releases. In Europe, the  UK January CPI  and  euro area industrial production  are due. Especially the industrial production will be interesting as to what extent the end of 2018 was particularly weak.”

US CPI  for January is due out this afternoon. We estimate CPI core rose +0.2% m/m in January, implying a core inflation rate at 2.1% y/y down from 2.2% in December.”

“Overnight, first  Japan GDP  figures for Q4 are due out as well as the  Chinese trade balance.”