020 7898 0500As with the UK, there were no economic data releases of note in the eurozone yesterday, although the German economy ministry warned that the new tariffs on steel and aluminium that Donald Trump has put in place could hurt trade. Fears of a global trade war have been ongoing for a couple of weeks now, with no clear resolution in sight. Trump is certainly shaking things up and the resultant uncertainty could impact on the global economy. Let’s remember that the global economy is finally getting back to somewhere near where it was prior to the financial crisis, but Trump’s tariffs could put paid to that.
Today we have the inflation rate across the eurozone, as well as year-on-year wage growth for the final quarter of 2017. The former is expected to drop to 1.2% from 1.3% the month before, which would take the rate further away from the Central Bank’s 2% target. We will also see February’s wholesale prices in Germany.
