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5 Jan 2016
German unemployment and Eurozone CPI in focus today – Rabobank
FXStreet (Delhi) – Michael Every, Head of Financial Markets Research at Rabobank, suggests that German unemployment and Eurozone CPI data will be the key events for the day.
Key Quotes
“Datawise, we start with German unemployment, seen falling 8K and staying at 6.3%. Then it’s the first look at Eurozone CPI for December. The expectation there is just 0.3% y-o-y headline and 1.0% y-o-y core, but risks to the headline (and perhaps both?) look to the downside after the German number yesterday. If so, market pressure will ratchet up on the ECB again even though the real economy is still enjoying a cyclical uptick within what looks to be a long-term structural downturn.”
Key Quotes
“Datawise, we start with German unemployment, seen falling 8K and staying at 6.3%. Then it’s the first look at Eurozone CPI for December. The expectation there is just 0.3% y-o-y headline and 1.0% y-o-y core, but risks to the headline (and perhaps both?) look to the downside after the German number yesterday. If so, market pressure will ratchet up on the ECB again even though the real economy is still enjoying a cyclical uptick within what looks to be a long-term structural downturn.”