020 7898 0500Yesterday saw limited data released from within the Eurozone. The highlight was German 10 year bonds, which showed borrowing costs edge up slightly for the Bundestag; highlighting – ever so slightly – increased expectations for inflation from investors. Among other data from Ireland and Portugal, as well as an Italian bond sale, industrial production figures in Spain increased slightly. The euro (EUR) remained steady against the pound (GBP), but fell against the dollar (USD) ahead of Donald Trump speaking over in the US.
Today sees an uptick in activity: Ireland and France release their consumer price data, Italy and the Eurozone release industrial production numbers (Italy also sees a bond sale), and Germany will reveal its annual Gross Domestic Product figures. The most important release of the day will come from the European Central Bank (ECB), which will release the minutes from its most recent monetary policy meeting. Investors will be watching closely for any hints on the direction of ECB monetary policy.
