24 Apr 2014
Draghi, IFO the most relevant in Euroland today – Danske Bank
FXStreet (Edinburgh) - Pernille Nielsen, Analyst at Danske Bank, remarks the relevance of these two events in today’s euro docket.
Key Quotes
“German IFO expectations are due for release and we expect a decline for a third consecutive month although the level is set to remain high. The current assessment component is likely to continue to increase and our forecast is above consensus”.
“ECB’s President Draghi speaks today and it will be interesting to hear whether he draws attention to the better European growth outlook after the composite PMI increased to the highest level in almost three years”.
“Recently ECB members including Draghi have been very dovish and highlighted the risks of a too prolonged period of low inflation which the ECB is ready to use unconventional instruments to cope with”.
Key Quotes
“German IFO expectations are due for release and we expect a decline for a third consecutive month although the level is set to remain high. The current assessment component is likely to continue to increase and our forecast is above consensus”.
“ECB’s President Draghi speaks today and it will be interesting to hear whether he draws attention to the better European growth outlook after the composite PMI increased to the highest level in almost three years”.
“Recently ECB members including Draghi have been very dovish and highlighted the risks of a too prolonged period of low inflation which the ECB is ready to use unconventional instruments to cope with”.