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Danske Daily: Eurozone Industrial Production Expected To Decline 0.6%‏

ByDanske Markets
Published 09/12/2013, 07:00 AM
Updated 05/14/2017, 06:45 AM
Market movers today

We expect the eurozone industrial production to decline 0.6% m/m from July. Industrial production has been on an upward trajectory during 2013. And, even though we predicted a decline in July, we expect a continuation of the positive trend in Q3.

In the US, focus will be on initial jobless claims. The figure has been on a downward trend and at the current level points to job growth around 200,000 per month - in contrast to last week's weak job report.

Bank of England's Mark Carney is due to speak in London. Following yesterday's labour market report he will be confronted with the strength of the UK data.

ECB's Mario Draghi is due to speak in Latvia. He is likely to comment further on forward guidance and elaborate on his view on publications of minutes. Two days ago Asmusssen expressed a different view on minutes compared with Draghi's line at the press conference last week.

We expect no surprises in Swedish CPI numbers today, but the unemployment rate might come in weaker than expected as seasonal factors are distorting data. Furthermore, there are a lot of speakers from the Riksbank today including Governor Ingves and Deputy governors Ekholm and Jansson. For more on Scandi markets see page 2.

To Read the Entire Report Please Click on the pdf File Below.

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