FXStreet (Edinburgh) - Senior Analyst at Danske Bank Anders Lumholtz remarks today’s events in the euro area.
“A fairly light global calendar”.
“In the euro area we expect German industrial production to have decreased slightly. German Ifo has weakened a bit and also the factory orders released on Friday showed a decrease. German industrial production has shown solid readings during Q1 and we expect the near-term weakness to be a soft patch and growth to pick up during H2”.
“The sentix investor confidence is the first July print that is being released”.
“This indicator tends to have little market impact as the direction in general is more correlated with market sentiment than economic activity”.
“We expect a minor decrease as euro-area data releases have been surprising on the downside lately. This is also reflected in the surprise index that has dropped to around a one-year low”.