Quiet start to a busy week sees Europe in focus
A relatively quiet start for the week as far as market announcements are concerned.
The most of the information set for release is coming out of Europe, with the reporting of German PPI, German Buba Monthly Report and Consumer Confidence. The PPI (Producer Price Index) is a leading indicator of inflation. An increase in cost can be attributed to stronger demand for products, meaning prices can be increased to increase profits or to curb demand. The Buba Report is a report put together by the German Central Bank that outlines current and future economic conditions from the banks viewpoint. The Consumer Confidence data is just that – it’s a reflection of consumer confidence within the Eurozone. Meanwhile, the Economic and Financial Affairs Council meets to discuss all things economic within the EU.
Elsewhere around the world, the UK is releasing CBI Industrial Order Expectations and Canada is publishing Wholesale Sales data. Finally, there is a bank Holiday in the US today.