020 7898 0500This week was another busy week in terms of economic releases from the Eurozone. It started by seeing German trade balance come in better than expected. Germany’s economic conditions and economic sentiment were also better than expected. Economic sentiment was also better than expected for the Eurozone as a whole.
We also saw price data from France and Portugal on Wednesday, and from Germany and Italy on Thursday. Despite the large number of data releases, these had little effect on the euro, which fell against the dollar over the week but remained steady against sterling.
Today sees Finnish Consumer Price Index (CPI), Current Account and Gross Domestic Product (GDP) figures released, with Spain and Italy also releasing their CPI data. We will also have trade balance figures from the Eurozone bloc. As with the rest of the week, these figures are unlikely to have a significant impact on the market, unless combined with other events.
As with the last few weeks, the significant drivers of markets have been political with the US presidential election and the UK Government’s ongoing saga over its plans for Brexit.
