11 Jan 2016
All eyes on Eurozone industrial production numbers this week - BBH
FXStreet (Delhi) – Research Team at BBH, suggests that the Eurozone industrial production figures for November are the feature.
Key Quotes
“Germany and France have already disappointed, and this will weigh on the aggregate outcome. German industrial output fell -0.3% compared with a consensus expectation of a 0.5% gain. French output dropped 0.9%, which was three-times larger than expected. Spain and Italy report.
Italy's economy appears to have picked up some momentum in the second half of last year. It could surprise on the upside, like the manufacturing PMI. Spain's economy has lost some of its spring. However, the political impasses appears to be breaking as Catalan's Mas indicated he will not pursue re-election and this last minute move may avoid a new election, and the resolution there could boost hopes of a breakthrough in Madrid.”
Key Quotes
“Germany and France have already disappointed, and this will weigh on the aggregate outcome. German industrial output fell -0.3% compared with a consensus expectation of a 0.5% gain. French output dropped 0.9%, which was three-times larger than expected. Spain and Italy report.
Italy's economy appears to have picked up some momentum in the second half of last year. It could surprise on the upside, like the manufacturing PMI. Spain's economy has lost some of its spring. However, the political impasses appears to be breaking as Catalan's Mas indicated he will not pursue re-election and this last minute move may avoid a new election, and the resolution there could boost hopes of a breakthrough in Madrid.”