Market Movers
Following the Fed meeting yesterday focus today will be on the weekly jobless claims. These have edged higher in the past week pointing to weaker activity and a softer labour market.
German CPI for January will give the first input to where Euro inflation (released Friday) will be this month. Consensus is a decline of -1.0% m/m (harmonised CPI) and increase in the annual inflation rate from 0.0% to 0.2%. The first Länder release CPI at 09:00 CET and the overall number for Germany will be published at 14:00 CET.
The first release of UK GDP for Q1 is due at 10:30 CET. We look for a rise of 0.5% q/q in line with consensus.
The EU Commission's business and consumer surveys is expected to show a small decline but from an overall strong level.
In Scandi we get Swedish retail sales and unemployment and industrial confidence in Norway, see Scandi Markets on page 2.
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