Eurozone: IP and ECB speakers in focus - TDS

Research Team at TDS, Eurozone IP, suggests that the IP data and ECB speakers will be in focus for the Eurozone in today’s session.

Key Quotes

“Wwe see slight downside risks. Markets are looking for a -1.0% M/M contraction but we see -1.3%. More important will be speeches from the ECB’s Constancio (8am GMT) and Draghi (3pm GMT). As we said in last week’s Big Three, we think that markets may have been a bit premature in largely ruling out tapering beyond March, so with this week’s slew of ECB speakers at the Euro Finance Week conference in Frankfurt, we may get a better picture of what the ECB is thinking about for its December meeting.”