Germany: Focus on IFO expectations data today – Danske Bank

Research Team at Danske Bank, suggests that in the euro area, German Ifo expectations are scheduled for release and will garner investors attention today.

Key Quotes

“German survey indicators including the IFO expectations have signalled strong GDP growth in Q4 16. The tendency continued with last week's German ZEW figures, where the current situation figure was the highest since September 2015, while the expectation component remained at 13.8. Thus, we expect a solid Ifo figure in December to mirror growth expectations.” 

“There are no important Scandi releases today. The big Scandi event of the week will be the Riksbank meeting on Wednesday, constituting the final G10 monetary policy meeting of the year. We expect the Riksbank to prolong the current QE programme by six months (SEK30bn) and cut the repo rate by an additional 10bp to -0.60%. While the prolongation of QE is relatively widely accepted, the view on an additional rate cut is non-consensus.”