Market movers today
• Euro area industrial production in April is expected to surprise on the upside and provide another signal that things are getting better. Based on country data, where especially the German and French figures were strong, we forecast an increase of 0.7% m/m.
• Inflation for May is released for the four biggest countries in the euro area. The figures are expected to be well below ECB’s 2% target.
• The hearing on ECB’s OMT programme in the German Federal Constitutional Court in Karlsruhe continues today. It is likely to add to the tension in peripheral bond markets, as it highlights the uncertainty over how far ECB can go with asset purchases, should it be necessary
Read the full report: FX Daily
Danske Bank