25 Mar 2015
Key data ahead: German Ifo to see an above consensus rise - Danske
FXStreet (Barcelona) - Christin Tuxen, Senior Analyst at Danske Bank, previews the key market moving data releases of the day, expecting the German Ifo to print an above consensus figure at 107.4.
Key Quotes
“The German Ifo for March is expected to show a further increase as indicated by the rise in both ZEW and PMI index. We look for a rise to 107.4 (consensus 107.3) from 106.8 last month. The expectations index, which is the most forward looking sub-index, is expected to rise to 103.0 from 102.5, in line with consensus expectations.”
“In the US, Fed’s Evans (voter, dove) is due to talk at 11:30 CET. Being a dove he will probably speak in favour of a relatively late lift-off.”
“US durable goods orders for February are due. Following a sharp drop during the autumn the latest data have shown some sign of stabilisation. Consensus is for a rise of 0.5% m/m after 2.8% m/m in January.”
Key Quotes
“The German Ifo for March is expected to show a further increase as indicated by the rise in both ZEW and PMI index. We look for a rise to 107.4 (consensus 107.3) from 106.8 last month. The expectations index, which is the most forward looking sub-index, is expected to rise to 103.0 from 102.5, in line with consensus expectations.”
“In the US, Fed’s Evans (voter, dove) is due to talk at 11:30 CET. Being a dove he will probably speak in favour of a relatively late lift-off.”
“US durable goods orders for February are due. Following a sharp drop during the autumn the latest data have shown some sign of stabilisation. Consensus is for a rise of 0.5% m/m after 2.8% m/m in January.”