Market themes of the Day: German Ifo business climate set to decelerate in December
|What you need to know before markets open
Main themes:
- ECB can delay rate hikes if growth slows more than expected, the incoming Belgian policymaker Wunsch said.
- The UK Prime Minister Theresa May said the parliamentary debate on Brexit deal will start in the first week of January with the vote in the following week starting January 14.
- German Ifo business climate indicator is expected to decelerate to 101.7 in December.
Europe
- The headline Eurozone inflation rose less than expected by 1.9% y/y with core inflation at 1.0% y/y in November.
- German Ifo business climate indicator is expected to decelerate to 101.7 in December.
UK
- After winning a no-confidence vote in her own party, Theresa May did not win any battle at the EU leaders’ summit and her Brexit deal is facing a fierce opposition in UK parliament. Prime Minister Theresa May said the parliamentary debate on Brexit deal will start in the first week of January with the vote in the following week starting January 14.
US
- US housing starts and building permits are due the day before the US Federal Reserve bank is expected to raise the target range for Fed funds to 2.25%-2.50%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.