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Eurozone industrial production and UK employment amongst market movers today – Danske Bank

Research Team at Danske Bank, suggests that it is a scant day in terms of key economic data releases as in Euroland, we have the release of industrial production and from the UK, we have the labour market report as the main key economic data.

Key Quotes

“In Sweden, we have the Prospera inflation survey. After yesterday's Swedish inflation data, which was lower than the Riksbank's profile, there will be some focus on the survey.

There are several government bond auctions today as Portugal and Germany are in the market selling bonds in the long end of the curve. Portugal has again been under pressure during the recent sell-off. Therefore, if demand is solid at the auction, it might alleviate some of the pressure on Portugal. In addition, we have T-bill auctions in Denmark and Sweden, where both markets are attractive when swapped into foreign currency such as USD.”

 

NZ: Narrowest current account deficit since 2Q2014 - TDS

Research Team at TDS, notes that the NZ’s Q2 current account deficit was –2.9% of GDP and while missing the mark of a –2.6% drop, is the narrowest sin
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UK: Expect the unemployment rate to tick up to 5.0% - TDS

Research Team at TDS, suggests that the heavily lagged UK’s employment report will be a tricky one to read this month and next, as the 3 month moving
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