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9 Nov 2015
Eurozone: Big three data releases for the week to keep your eyes on - TDS
FXStreet (Delhi) – Research Team at TD Securities, lists down the big three data releases for the Eurozone in the present week.
Key Quotes
“Euro Area 15Q3 GDP (13 Nov): We see downside risks to the euro area GDP report for 15Q3, with TD expecting a 0.3% q/q gain against market consensus of a 0.4% q/q increase. We’ve been recently surprised on the downside by some of the September industrial production numbers, with the disappointment likely to have just pulled the quarterly GDP number down to 0.3%.
Norway October Inflation (10 Nov): Risks are balanced on Norwegian inflation, and both we and markets expect Norway’s underlying CPI-ATE inflation rate to repeat its last 3.1% y/y print in October, as a weak Krone continues to support inflation. The headline inflation rate is expected to continue trending upward to reach 2.4% y/y in October.
Sweden October Inflation (12 Nov): We think that Swedish core CPI dipped back into negative territory in October, with a reading of –0.3% y/y for headline CPI (markets: 0.1%), while the underlying CPIF measure remained at 1.0% y/y (markets: 1.1%).”
Key Quotes
“Euro Area 15Q3 GDP (13 Nov): We see downside risks to the euro area GDP report for 15Q3, with TD expecting a 0.3% q/q gain against market consensus of a 0.4% q/q increase. We’ve been recently surprised on the downside by some of the September industrial production numbers, with the disappointment likely to have just pulled the quarterly GDP number down to 0.3%.
Norway October Inflation (10 Nov): Risks are balanced on Norwegian inflation, and both we and markets expect Norway’s underlying CPI-ATE inflation rate to repeat its last 3.1% y/y print in October, as a weak Krone continues to support inflation. The headline inflation rate is expected to continue trending upward to reach 2.4% y/y in October.
Sweden October Inflation (12 Nov): We think that Swedish core CPI dipped back into negative territory in October, with a reading of –0.3% y/y for headline CPI (markets: 0.1%), while the underlying CPIF measure remained at 1.0% y/y (markets: 1.1%).”