Market movers today
In the euro area , the consumer confidence figure for January is due to be released today. Consumer confidence has improved since August 2016 despite political turmoil regarding Brexit and Donald Trump and remains at a high level. Consumer confidence may thus still prove resilient even as Theresa May signals a 'Hard Brexit' and Trump lingers on specifying the economic plans for his administration. We expect it to show a modest increase for January as the labour market still shows strength.
In Denmark , Monday brings Statistics Denmark's monthly employment data for November. Employment has been upward bound for the past three-and-a-half years,and it will be exciting to see whether the marked increase seen so far in 2016 continued. Monday also brings January figures for consumer confidence , which has been in decline since August and moved into negative territory in December for the first time since May 2013.
To read the entire report Please click on the pdf File Below