Market Movers
German industrial production for January is set to give insight into whether the financial turmoil and weaker survey data in January are reflected in hard data.
The second release of euro area GDP growth in Q4 15 together with the first release of the sub-components are set to provide more insight into the state of the weak euro area recovery. We expect private consumption to have remained solid but that exports were the main headwind. Note that we revised our euro growth forecast for 2016 significantly lower last week (to 1.5% from 1.8%, consensus 1.6%) mainly due to external factors that add uncertainty.
In the US very few important releases are due this week with the most important being the NFIB small business optimism index due today.
The regional network report will be pivotal ahead of the next Norges Bank meeting, see Scandi Markets.
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