ECB minutes and German GDP amongst market movers – Danske Bank

The ECB minutes from the December meeting are the highlight in the euro area this week, in addition to the German GDP, according to analysts at Danske Bank.

Key Quotes

“The meeting carried new staff projections and no batch of measures such as those at the October meeting. Hence, we intend to look primarily for nuances in the assessment of the new staff projections (including 2020), in particular on inflation. Following the decisions taken at the October meeting, the ECB has had no need to change its position just yet. We expect the next change in guidance to come only towards the summer.”

“German GDP growth for the year 2017 is due to be released and expected at 2.3%. It would be the highest German growth since 2011.”

“Other data due today includes euro industrial production, US jobless claims and US PPI.”