Market movers today
Today, we publish the third paper in our series on inflation and what it means for markets. In today's piece we dive into the inflation development in the Scandinavian countries. See Scandi Inflation: The diverging Phillips curves in Norway and Sweden , 28 February 2018.
Today's main event is the release of euro area HICP inflation at 11:00 CET. With Spanish HICP surprising slightly on the upside this morning and German HICP slightly lower than expected, we see risks for the euro area print tomorrow as balanced and stick to our forecast of 1.24% for headline and 1.05% for core.
Tier 2 releases today include German unemployment rate and the second release of US GDP growth for Q4.
More interesting is the EU's Chief Brexit negotiator Michel Barnier, who is due to brief the permanent EU representatives on Brexit today. They are expected to adopt the withdrawal text, which will be published.
We have a lot on the plate in the Scandies today. In Norway, retail sales in January and the quarterly wage statistics for Q4 are due out today. In Sweden, we have Q4 GDP, retail sales and Sweden's National Housing Board is due to publish a report on the Swedish housing market. In Denmark, the second release of GDP will give more detail on what drove growth in Q4.
To read the entire report Please click on the pdf File Below: