Rather quiet week for Euro. Flash Inflation Estimates on Friday will be focused on.
This article is originally referred from Orbex Market Preview.
A busy start to the first trading week of the year will see the economic details slowing in the coming week.
Data from the U.S. will focus on the producer price index and consumer price index data followed by retail sales.
In the UK, after last week’s PMI releases, the manufacturing and industrial production figures will be coming out this week.
Data from the Eurozone is relatively quiet but the markets will be looking to the ECB’s meeting minutes that will be released this week.
China will be reporting its consumer price index data this week.
Eurozone Flash inflation estimates
It is a rather quiet week from the Eurozone for the most part of this week.
However, on Friday, we will get to see the flash inflation estimates for the Eurozone for the month of December.
Inflation estimates are projected to show a modest increase in consumer prices.
Headline CPI is expect to rise at a slower pace of 1.4%, down from 1.5% seen in November.
However, core inflation which excludes the volatile food and energy prices is forecast to rise 1.0% on a year over year basis.
This would mean a slight acceleration in the core inflation rate which was registered at 0.9% in the previous month.
Regardless of the data, inflation in the Eurozone is expected to close near the current levels for the year 2017.
The ECB had signaled previously that inflation could potentially slow down into the year end and early this year.
In the short term, the December inflation report is unlikely to impact the markets much, but traders will be focused on the data starting January.
Original Source: Orbex Market Preview