020 7898 0500Following the hawkish commentary from the European Central Bank meeting, we saw further comments that helped strengthen the single currency at the end of last week. It was reported by an unnamed source that the ECB had been discussing that interest rates could rise before the bond-buying programme is completed.
Markets will be keen to see what Draghi discusses at 1.30 pm today. That is when he is due to deliver the opening speech at the Massachusetts Institute of Technology Labs for Innovation Science and Policy Fostering in Frankfurt.
Today French bond sales figures and Italian industrial production data will be released.
Tomorrow the ZEW, the Centre for European Economic Research in Mannheim, will release key sentiment data for Germany. This is based on a survey of 275 German institutional investors and analysts on their six-month economic outlook.
On Thursday, we have the final reading of the amended inflation number. It’s predicted to come in slightly above the ECB’s 2% target.
Friday will finish on a quiet note, with Italian and European trade data.
