Main market movers today - Danske Bank

Dhwani Mehta FXStreet

Danske Bank’s analysts provide a list of the main market moving events slated for release this Tuesday.

Key Quotes:

“In the UK, CPI inflation for December is released, which we estimate fell back to 2.9%, from 3.1% in November, due mainly to a lower contribution from food prices. We estimate core inflation fell from 2.7% to 2.6% due to a decrease in service price inflation. Despite the higher oil prices, we expect overall inflation pressure in the UK to fade this year, as food prices seem to have peaked and GBP has stabilized in recent months. Underlying inflation pressure is still muted, as wage growth remains subdued.

Later in the day we also get the US Empire Manufacturing PMI for January. The consensus is for a small increase, although severe winter weather in the region might have impaired economic activity to some degree at the start of 2018.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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