According to analysts at Danske Bank, in today’s market key focus will be on the Riksbank meeting in addition to the US CPI data.
“We do not expect the Riksbank to make any changes to the repo rate or the repo rate path but would not be surprised to see a softer tone. This is priced in by markets already, however, as SEK has weakened significantly recently.”
“On the global scene, we will have a number of important releases. In Europe, the UK January CPI and euro area industrial production are due. Especially the industrial production will be interesting as to what extent the end of 2018 was particularly weak.”
“US CPI for January is due out this afternoon. We estimate CPI core rose +0.2% m/m in January, implying a core inflation rate at 2.1% y/y down from 2.2% in December.”
“Overnight, first Japan GDP figures for Q4 are due out as well as the Chinese trade balance.”
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