020 7898 0500There were no major data releases on Friday for the eurozone and the euro reacted accordingly by trading more-or-less sideways throughout the day. Today is another quiet day so any movements are likely to come from news and events elsewhere.
The first major release this week is the German ZEW economic sentiment index which we will see Tuesday. It is a survey of up to 300 experts from banks, insurance companies and other financial industries. They are asked for their market expectations over the coming six months and it can prove rather useful in demonstrating how many see things panning out in future.
We will also see the eurozone’s consumer confidence flash reading for January on Tuesday, while the flash manufacturing purchasing managers’ index reading for Germany is scheduled for release on Wednesday. The highlight for the week is the ECB’s interest rate decision and press conference on Thursday. It will be fascinating to see what tone President Mario Draghi takes, especially given the mid-December meeting minutes release which was surprisingly hawkish.
