Market Movers ahead
In Denmark focus will remain on Nationalbanken and EUR/DKK. January securities statistics and foreign portfolio investment data will give us an indication of what caused the very large currency inflow in that month.
The minutes from the February Riksbank meeting will reveal the discussions that led the Riksbank to cut the repo rate into negative territory and announce a QE programme. Unemployment for Norway and Q4 GDP from Sweden and Denmark are also due.
Negotiations on Greece are set to be tough. Most likely there will not be an agreement before markets close today and talks might extend over the weekend.
All eyes will be on FOMC Chairman Yellen's semi-annual testimony on Tuesday.
February inflation numbers are released in Japan, US, Germany, Italy and France.
We expect the China HSBC/Markit manufacturing PMI to be unchanged in January but there is downside risk from the Chinese New Year holiday.
Ifo expectations are set to increase and signal renewed momentum in German growth.
Global macro and market themes
Global growth recovery and accommodative monetary policy will continue to support risk assets.
Fed rate hike moving closer - should put upward pressure on US yields and support the US dollar.
Increasing signs that the Bank of England's first rate hike will be this summer.
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