German IFO amongst market movers today – Danske Bank

Analysts at Danske Bank suggests that the German IFO expectations data will be amongst market movers for today’s session.

Key Quotes

“The figure is at a high level, pointing to strong GDP growth in Germany. The latest move higher reflects primarily better expectations for the manufacturing sector after a couple of years where these expectations moved broadly sideways. Looking ahead, we believe the overall expectations are likely to move lower, as it is hard to continue to expect a further improvement following a period of good news.”

“Attention during the first hours of trading will be on the market digesting the outcome of the first round of the French presidential election which was held yesterday.”

“In the US, FOMC member Kashkari (voter, dovish) speaks tonight. Market participants will listen carefully for any hints or details on quantitative tightening.”