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Danske Daily - 28 July 2016

Published 07/28/2016, 02:48 AM
Updated 05/14/2017, 06:45 AM

The market will use today to digest the news from the FOMC last night and focus now turns to the announcement tomorrow morning from the Bank of Japan (BoJ). We look for a rate cut from the BoJ and a dovish message. See BoJ preview .

Today, German inflation data is due to be released ahead of the aggregate euro area figure due for release tomorrow. We expect German HICP inflation to be unchanged at 0.2% y/y compared with consensus of a small increase to 0.3% y/y. The unchanged figure should follow due to a larger drag from energy price inflation as the oil price has declined in July.

In Scandinavia, Norges Bank is due to publish the lending survey for Q2 and from Sweden we will have labour market data and retail sales.

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