Market themes of the Day: German Ifo business climate set to decelerate in December

Mario Blascak, PhD Independent Analyst

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.

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 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%.

Author

Mario Blascak, PhD

Independent Analyst

Dr. Mário Bla&scaron;čák worked in professional finance and banking for 15 years before moving to journalism. While working for Austrian and German banks, he specialized in covering markets and macroeconomics.

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