Euro area industrial production, German ZEW and UK CPI amongst market movers – Danske Bank
|Analysts at Danske Bank explain that the release of Euro area industrial production, German ZEW and UK CPI figures will be amongst market movers in today’s European session.
Key Quotes
“Today, the euro area industrial production figures for February are due out. January's production increased by 0.9% m/m and we estimate a 1.0% monthly increase in February after the very strong increase in German industrial production.”
“The German ZEW expectations are also due for release today. Like the Sentix, the ZEW expectations should remain on an upward trend given the strength of economic data and strong survey indicators. We believe ZEW expectations will rise to 13.7, thus showing little reaction to Article 50 being triggered by the UK and the imminent French election.”
“In the UK, the most important data release is the CPI inflation data for March due out today. We estimate total CPI rose 0.4% m/m in March, implying an unchanged inflation rate at 2.3% (CPI core 0.5% m/m and 1.9% y/y).”
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