German IFO amongst market movers today – Danske Bank

Analysts at Danske Bank point out that today brings the German Ifo figures and will be a key economic release for today’s session. 

Key Quotes

“After the economy had a disappointing growth finish in 2018, we will keep an eye out for signs of a rebound in activity following the latest encouraging signs from Chinese leadings indicators and the German car sector.”

“In the US, many FOMC members are speaking about the target level for the Fed's balance sheet at a conference in New York. However, after Fed minutes on Wednesday revealed that almost all Fed board members want to end the balance sheet reduction by the end of the year, the market impact of today's speeches will probably be more limited.”

“In the Scandies, the Riksbank is due to publish minutes from the 12 February meeting today at 09:30 CET. The monetary policy decision was taken with only five Board members as Deputy Governor Per Jansson was absent for personal reasons. In connection with the release, Jansson will make a written comment about the decision.”