Eurozone PMIs and BoE in focus today – Danske Bank

Analysts at Danske Bank are looking for Euro area PMIs for December to post a small decline in manufacturing and services PMI to 59.5 and 55.7, respectively, in line with a decline in the leading order-inventory balance.

Key Quotes

“We also have the Bank of England (BoE) meeting today, where we expect the BoE to stay on hold. It is one of the small meetings without updated projections or a press conference - focus will hence be on the statement and minutes for any hints on the beginning of a hiking cycle.”

“The two-day EU summit starts today, where EU leaders will have to decide whether sufficient progress has been made to enter phase 2 of the Brexit negotiations. This seems likely given the deal struck between the EU and UK government last week.”