Back
10 Jun 2014
Light calendar in both the UK and the EMU today – Danske Bank
FXStreet (Edinburgh) - Analyst Anders Fischer at Danske Bank observed the lack of relevant releases in today’s dockets.
Key Quotes
“In the euro area both France and Italy will release industrial production (IP) for April, which will give us some idea of the performance of euro area IP due for release on Thursday”.
“We expect IP to have rebounded in France and Italy on the back of a relatively weak March but IP in Germany disappointed in April, suggesting that there could be some downside risk to our forecast”.
“In the UK industrial production for April will also be released but this usually gets little attention due to the minor importance of the industrial sector in the UK. We expect the pattern evident in the euro area with a rebound on the back of a weak March to be mirrored in the UK”.
Key Quotes
“In the euro area both France and Italy will release industrial production (IP) for April, which will give us some idea of the performance of euro area IP due for release on Thursday”.
“We expect IP to have rebounded in France and Italy on the back of a relatively weak March but IP in Germany disappointed in April, suggesting that there could be some downside risk to our forecast”.
“In the UK industrial production for April will also be released but this usually gets little attention due to the minor importance of the industrial sector in the UK. We expect the pattern evident in the euro area with a rebound on the back of a weak March to be mirrored in the UK”.