Another light data calendar with the US University of Michigan Confidence indicatoras the highlight. The consensus expectation is for a reading of 83, thereby confirmingthe recent uptick in consumer confidence.
Bundesbank’s President Weidmann is scheduled to speak in Madrid. Last weekend hesaid that interest rates were too low for Germany taken in isolation and hinted thatBundesbank would likely resist further ECB action beyond the current TLTROs. Weexpect him to stick to this message today.
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