A busier day for markets, with plenty of data releases set for later tonight and tomorrow morning.

Europe will be publishing host of data later tonight. This data includes: German Import Prices & Prelim CPI, French Consumer Spending & Prelim GDP, Swiss Economic Barometer and Spanish Flash CPI. As Europe’s two largest economies, the figures from Germany (CPI) and France (GDP) will be the most significant. The CPI figure indicates price increases for products and services throughout the economy. This is important for the growth of an economy as it reflects consumer demand. The GDP figure reflects actual growth in the economy, which is crucial to the economic recovery of Europe.

The figures being released from the US later tonight and tomorrow morning include: Core PCE Price Index, Personal Spending, Personal Income, S&P/CS Composite-20 HPI and CB Consumer Confidence. The most significant figure is the CB (Conference Board) Consumer Confidence. This reflects confidence that consumers have within the economy. This figure is vital, both economically and politically. Economically, it means that consumers are happy with the direction the economy is heading (in general terms). More confident consumers are likely to spend more. Politically, it can give an indication of consumer’s confidence with the Trump administration.

Elsewhere around the world, Japan is releasing BOJ Core CPI and Canada is reporting Current Account, RMPI & IPPI data.