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Danske Daily: Germany To Release 2013 GDP Etimates

ByDanske Markets
Published 01/15/2014, 07:20 AM
Updated 05/14/2017, 06:45 AM

Market movers today

In Germany the first GDP estimate for 2013 as a whole will be released, and indirectly this should also give us the first estimate for GDP growth in Q4. Recent hard data have been strong so we expect GDP to have expanded a solid 0.5% q/q in Q4. If our estimate proves right, German GDP should have expanded 0.6% in 2013. In the US the Empire manufacturing survey and producer prices for December are due for release.

The Fed will release the Beige Book, the regional survey of the US economy based on anecdotal evidence from the regional Fed branches. Beige Book could be more interesting than usual in light of the current uncertainty about the strength of the economy in the wake of the disappointing December labour market report.

Chicago and Atlanta Fed presidents Charles Evans (non-voter, dove) and Dennis Lockhart (non-voter, hawk) are both scheduled to speak. Lockhart will probably not have much to add to his comments on Monday when he supported further tapering despite the weak labour market report. Bank of England governor Mark Carney and ECB board member Yves Mersch are also scheduled to speak today.

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