020 7898 0500Yesterday, economic data was fairly quiet as the market geared up for the release of the Federal Reserve statement and interest rate decision in the US. In the meantime, political tension mounted surrounding Russia. The EU warned that it could retaliate against the US if they strengthen sanctions against Russia.
The fear is that EU-based energy companies risk becoming caught up in the political actions. The sanctions still need to be approved and, as we have seen, Trump does not always get his own way where the Senate is concerned.
The day ahead is going to be focused on the Spanish economy, particularly the unemployment rate. It is expected that unemployment will be drop from 18.8% down to 17.7%. If this proves to be the case it will be the lowest level since January 2010.
