Market movers today
US small business sentiment (NFIB) has risen considerably over the past three months and consensus is that the index will increase further in January. Small service companies are an important part of the US labour market and the solid increase in service sector employment in January does suggest a further increase in NFIB optimism.
Fed's Lacker will speak today. Following the rotation of voting rights in January Lacker is now a voting member of the FOMC. While he is known to be a hawk, he nevertheless voted for the January statement and his comments could be interesting.
We will also get industrial production data from the UK, Italy and France.
The International Energy Agency is scheduled to release February's Oil Market Report at 10:00 CET with revised forecasts for oil supply and demand.
Monetary policy in Denmark and Danmarks Nationalbank will likely be in the spotlight again as downward pressure on EUR/DKK prevails. Danish and Norwegian inflation figures are also due.
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