Danske Daily: Germany To Release Fist Inflation Data For November

Published 11/28/2013, 06:24 AM
Updated 05/14/2017, 06:45 AM

Market movers today

Germany releases the first inflation data for November. The annual inflation rate (HICP) is expected to rise slightly to 1.4% (consensus 1.3%) from 1.2% in October. We do not expect to see a further decline in German inflation until the December print, when technical changes to seasonality will push inflation 0.6 percentage points lower.

In the euro area money and credit growth will be in focus. M3 growth has slowed a bit in recent months to 1.7% in October. If this trend continues it will be another argument for the ECB to provide more stimulus early next year. On the credit side monthly loan flows for households have increased a bit lately but the underlying growth in credit is still very weak.

The EU Commission releases the monthly confidence surveys for business and consumers. We should see a further rise in business confidence, whereas the flash estimate for consumer confidence showed a slight decline.

The US markets are closed today due to Thanksgiving.

Danmarks Nationalbank is set to publish its monthly securities statistics and foreign portfolio investment data for October and in Sweden retail sales data will be released.

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

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