There are no major market movers but plenty of tier-two data. Kick-off at 08:00 CET with German consumer confidence, which is expected to show a small uptick.
Spanish GDP is likely to have declined just 0.1% q/q in Q2 as already suggested by Banco de España. Data suggest that the recession may soon come to an end. Nevertheless, the housing market and banking sector continue to look fragile.
The European Commission's confidence indicators are expected to show further improvement in July across sectors.
German inflation is expected to remain unchanged at 1.9%. Looking further ahead we expect German inflation to remain somewhat below 2%.
US consumer confidence and Case-Shiller housing market index will be watched carefully ahead of the FOMC meeting tomorrow.
Swedish GDP is likely to have grown 0.7% y/y wda. This is a bit below the Riksbank's 1.2% forecast but unlikely to be weak enough to trigger a rate cut.
To Read the Entire Report Please Click on the pdf File Below.
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Danske Daily: Expect Small Uptick In German Consumer Confidence
Published 07/30/2013, 07:14 AM
Updated 05/14/2017, 06:45 AM
Danske Daily: Expect Small Uptick In German Consumer Confidence
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