Eurogroup meet and investor confidence in focus – Danske Bank

Research Team at Danske Bank, suggests that in the euro area, Sentix Investor Confidence is due to be released and Eurogroup meet is also due today which will be the market movers for the day.

Key Quotes

“In September, Sentix rose to 5.6 from 4.2 in August and we expect another increase in financial risk sentiment despite some turmoil regarding Deutsche Bank. The rise should be supported by the general state of the economy, which remains solid, as reflected in the resilient PMIs and the strong ifo business expectations in Germany.

The Eurogroup is due to meet in Luxembourg today. According to the agenda, Greece's progress on the macroeconomic adjustment programme including privatisations will be discussed.”