28 May 2014
EMU credit figures in the limelight today – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Flemming Nielsen underlines the relevance of today’s credit figures in the euro area.
Key Quotes
“The bullish momentum remains intact in the European core fixed income markets ahead of next week’s ECB meeting”.
“Today’s credit data from the euro area could be more important than usual, as Draghi has recently emphasised the broken credit channel as an additional argument for downside inflation risks”.
“However, we are probably close to a point where it will be difficult for EUR swap rates to move much lower before the ECB reveals what it is up to”.
“We still see room for the ECB to surprise but, to be fair, expectations are already high”.
Key Quotes
“The bullish momentum remains intact in the European core fixed income markets ahead of next week’s ECB meeting”.
“Today’s credit data from the euro area could be more important than usual, as Draghi has recently emphasised the broken credit channel as an additional argument for downside inflation risks”.
“However, we are probably close to a point where it will be difficult for EUR swap rates to move much lower before the ECB reveals what it is up to”.
“We still see room for the ECB to surprise but, to be fair, expectations are already high”.