Private DCN Private DCN - Euro

Eurozone watching the US

By Ricky Bean November 9th, 2016

Yesterday saw a splattering of data releases from the Eurozone. Germany saw both its trade balance and industrial production come out worse than expected. The bloc also saw a Belgian bond sale, Irish consumer confidence data and an EU Finance meeting.
After months of what turned out to be a bitter US Presidential Election campaign, Trump triumphed over Clinton which benefitted the euro as US markets fell.

Today sees only a German bond auction of note from the Eurozone. The aftermath US election is likely to drive the markets for the rest of the week, with markets recalibrating the risks associated with a Trump presidency.