Eurozone investor confidence and German trade balance in focus – Danske Bank

In terms of global data releases, it will be a quiet day with euro area Sentix investor confidence figure and German trade balance being the key releases for today’s session.

Key Quotes

“The main event will be the release of the euro area Sentix investor confidence figure. The figure has been on an upward trend for the past year and has reached pre-crisis levels. We look for another modest increase but on a longer-term horizon, we see downside risk to the figure.”

“The German trade balance figures are likely to attract some attention given the rising focus on protectionism and a 'too' competitive German export industry.”

“The main events for this week will be the testimony from Federal Reserve Chair Janet Yellen as well as the Bank of Canada policy meeting. There will be significant focus on the global tightening of monetary policy and these events could lead to more speculation on this.”