Market movers today
• German Ifo (10:00 CET) is expected to show a further increase from 106.2 to 106.7 (consensus 106.9), mirroring the improvement we saw in German Flash PMI. This should confirm that the German economy is gaining further strength in H2.
• We expect US consumer confidence from the Conference Board to be unchanged in August at 80.3. The index from University of Michigan suggested that the recent improvement in confidence came to a halt in August. Consumer confidence should stay close to the highest level in more than five years, though.
• ECB’s Coeuré will speak and the US releases Case/Shiller house prices.
• The Danish government is due to present its budget proposal for 2014.
Read the full report: FX Daily
Danske Bank