UK labour market report and German ZEW amongst market movers today – Danske Bank
|Analysts at Danske Bank offered a brief overview of Tuesday's important market-moving releases – the UK labour market report for November and the German ZEW economic survey.
Key quotes:
“We have a couple of tier-two data on the agenda today. Most interesting will be the UK labour market report for November as it will provide more input for the possibility of policy easing later this month. We look for an unchanged unemployment rate of 3.8%, while we expect wage growth (excl. bonuses) to moderate to 3.4% y/y from 3.5% y/y in October. We will also get more news on the pace of the global recovery with the release of flash PMIs for the euro area, the US, Japan and the UK (all Friday).”
“The German ZEW expectations index has increased a lot in recent months and is one of the indicators that signals a turn in the cycle. We expect the index for January to continue this picture. Otherwise global markets await the ECB meeting later this week.”
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.