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Danske Daily: EUR Markets Eye ECB Speeches

Published 03/11/2014, 08:26 AM
Updated 05/14/2017, 06:45 AM

Market movers today

We have a light data calendar again today with only second tier releases such as manufacturing production in the UK, revised Q4 GDP in Italy and small business confidence in the US of secondary importance.

EU finance ministers will meet this morning in connection with the ECOFIN meeting. They are likely to continue the discussion about banking union where the implementation and funding of a common resolution mechanism for failing banks remains the main sticking point. Possible aid for Ukraine could also be on the agenda.

Finally we have a number of speeches from ECB board members today in connection with the ECB's Watchers conference in Frankfurt. The ECB's chief economist Peter Praet and board members Mersch and Coeure are all scheduled to speak in connection with the conference.

In Scandi focus will be on Swedish CPI.

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