Focus continues to be on the oil market and the potential repercussions on Emerging Markets. Following a strong rally in risk assets profit taking has set in as year-end approaches.
It is a very boring day on the global data front. Only release is French industrial production. We look for a rise of 0.5% m/m, a little higher than consensus of 0.0%. Production has been soft in the past months but improvement in surveys suggest we could see a slight increase.
In Scandinavia, it is time for November’s inflation data from Norway and Denmark. Moreover, Danmarks Nationalbank will release its Q4 monetary review, including a new economic forecast and the H2 Financial Stability report.
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