At 2.00 am ET Wednesday, Destatis is slated to publish Germany's GDP data and final consumer prices. The economy is forecast to grow 0.6 percent on quarter, following third quarter's 0.8 percent increase. Ahead of the data, the euro traded mixed against its major rivals. While the euro rose against the greenback, it held steady against the rest of major rivals. The euro was worth 1.2374 against the greenback, 132.61 against the yen, 1.1542 against the franc and 0.8902 against the pound as of 1:55 am ET.
Quarterly national accounts from euro area and major European economics are
due on Wednesday. At 2.00 am ET, Destatis is slated to publish
Germany's GDP data and final consumer prices. The economy is forecast
to grow 0.6 percent on quarter, following third quarter's 0.8 percent
increase. Germany's consumer price inflation is seen at 1.6 percent in
January, in line with flash estimate. At 3.00 am ET, consumer prices from the
Czech Republic and GDP from Hungary are due.
Inflation is expected to slow to
2.2 percent in January from 2.4 percent in December. Hungary's GDP is
forecast to climb 4.2 percent annually after rising 3.9 percent in the third
quarter. At 3.30 am ET, Sweden's central bank is set to announce its
rate decision. The bank is expected to keep its rate unchanged at -0.50 percent.
At 4.00 am ET, Italy's Istat publishes GDP data. Gross domestic product
is forecast to advance 0.4 percent on quarter in three months to December. At
5.00 am ET, Eurostat is slated to release euro area GDP and industrial
production data. GDP is seen expanding 0.6 percent, in line with flash estimate.
0 comments:
Post a Comment