Eurozone: Ecofin meeting and GDP data in the limelight – Danske Bank

Research Team at Danske Bank, suggests that today, there will be an Ecofin meeting in Brussels and any comments on the political situation in Italy will be scrutinised.

Key Quotes

“Today, the third estimate for euro area GDP is due to be released. In this release, we gain information on how each GDP component has developed and we expect domestic demand to have served as the main growth driver in Q3.”

“In Sweden, the Riksbank's Martin Flodén will give a speech (10:45) on the effects of the negative repo rate and how long they will last. In Norway, the most important release of the week is Norges Bank's regional network survey. We suggest tentatively that the aggregate output index edged down to 0.7 in November.”