Eurozone money and credit data in focus today – Danske Bank

Analysts at Danske Bank suggest that it’s going to be a quiet start to a very busy week with Euro money and credit data being the main data of interest today.

Key Quotes

“M3 growth is expected to rise slightly from 3.7% to 3.8%. Later today, ECB President Mario Draghi will speak at the EP but is unlikely to send any new signals compared to the ECB press conference last week.”

“Instead, all eyes this week will be on the high level US-China trade talks on Wednesday and Thursday. Negotiations are entering a crucial stage, where the thorny issues are likely to come up.”

“Other events this week will be: Brexit vote on Tuesday on Prime Minister Theresa May's Brexit Plan B. FOMC meeting Wednesday, Chinese PMI manufacturing Thursday (NBS) and Friday (Caixin) and US employment report and ISM manufacturing Friday.”