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Danske Daily - 19 January 2017

Published 01/19/2017, 03:59 AM
Updated 05/14/2017, 06:45 AM

Market movers today

The first ECB meeting of the year is due to take place today. We do not expect any significant announcements or changes to the ECB's policies, given that only six weeks have passed since major adjustments to the QE programme were made. Although inflation has increased above 1% for the first time since 2013, this is due mainly to energy price inflation, consistent with the ECB's own forecasts. Therefore, we do not expect it to react with a hawkish stance or to conclude that inflation is on a sustainable path towards 2% yet. Please see ECB preview: still dovish despite better data , 13 January 2017 for details.

The US Philly Fed Manufacturing index is due out at 14:30 CET.

There are no scheduled data releases in Scandi markets today.

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