Market Movers ahead
Retail sales could indicate a timeout in the US consumer recovery.
Fed chief Janet Yellen faces politicians' questions at two hearings.
Eurozone GDP numbers are expected to show renewed, if modest, growth.
Data from China may be heavily affected by the Chinese New Year.
The Swedish Riksbank is unlikely to change rates.
Danish inflation has probably risen, while inflation in Norway is likely to have remained relatively high.
Global macro and market themes
The ECB decided not to ease monetary policy, although it kept the door open for a rate cut at a later date. We view this as likely, given that both inflation and the inflation outlook are far below target.
US data disappointed, especially ISM and perhaps there were other factors to blame than the weather.
Danmarks Nationalbank again chose not to intervene in January - therefore, there is little prospect of a rate hike soon.
To Read the Entire Report Please Click on the pdf File Below