The escalation of the US trade talks coincided with some deterioration of producer confidence indicators in Europe and while companies are mostly concerned about the future, current production is unlikely to suffer much.
“Industrial production data for January should confirm a relatively upbeat picture of output.”
“Meanwhile, the ECB’s Watchers Day could provide some further insights into the thinking of the Council – although we would expect Messrs. Draghi, Praet, Constancio and Coeuré (yes, an impressive line-up!) to speak with one voice as much as possible, since this is their annual in-house event. Domestic (verbal) violence is to be avoided at all times!”
“Over in the US, the main question is that of retail sales. In January, consumers spending fell, but this was estimated to be weather-related. February data should confirm this, and a rebound in sales is expected.”
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