How will the German CPI (and EMU) readings looks like?
How will the German CPI (and EMU) readings looks like?

Today, the economic data calendar is almost empty – we do not find any really important readings in it. German consumer confidence – published in the morning – weakened significantly, as same as import price index. It may be a bad forecast before tomorrow’s DE CPI readings, Friday’s retail sales and consumer inflation in the whole eurozone.

So Wednesday is rather calm and investors are getting ready for tomorrow readings – German CPI, money supply and credits dynamics in EMU – and also the Friday ones.

Mario Draghi probably has many concerns about EMU inflation
Mario Draghi probably has many concerns about EMU inflation

Maybe TLTRO will not be running until September, but these figures are likely to be closely watched by European Central Bank, as a reference point. Analysts and traders continue to speculate on the possible introduction of the next financial sector stimulation round in order to rocket up the inflation. This time it may be connected with large-scale assets purchase. Of course this contradicts the earlier signals sent many times by ECB and Bundes Bank – so it may lead to great disappointment of euro-shorters.

Read our daily macro commentary from Monday to Friday! You can find them all here!

Leave us a comment!

Error, group does not exist! Check your syntax! (ID: 3)