Market movers of the day – Danske Bank

Research Team at Danske Bank, lists down the market movers for the day.

Key Quotes

“The main release today are the German ZEW expectations. Yesterday, Sentix investor confidence surprised on the upside and we believe we could see the same picture for ZEW expectations as it should be supported by the general state of the economy, which remains solid as reflected in the resilient PMIs and the strong Ifo business expectations in Germany.

In the US, the only releases today are the NFIB small business optimism and Fed s Labor Market Conditions Index.

In the Scandi markets, the main release is the Swedish inflation data where we have a below-consensus forecast, which also is two-tenths below the Riksbank's forecast. We even see downside risks to our forecast on the back of yesterday's Danish and Norwegian numbers. Hence, risks are definitely skewed to an even bigger deviation, which would be a blow to the Riksbank's view that inflation is still on an upward trajectory.”