The situation in Ukraine has deteriorated further over the weekend and will likelyattract significant attention today and throughout the week, as especially central andeastern European markets could come under renewed pressure.
On the data front, the main event is the release of IFO business sentiment in Germany.We expect it to have declined slightly in February, driven by a decline in theexpectation components, while the assessment of the current situation is expected tohave improved.
Final euro HICP for January is also released and we expect it to be unchanged at 0.7%y/y. Based on final country data, we could get an upward revision to 0.8% y/y but thecountry weights for 2014 have not been released yet, so this is uncertain.
Read the full report: FX Daily
Danske Bank