Eurozone week ahead: ECB meeting, ZEW and Q2 GDP - Danske Bank

Analyst at Danske Bank, present next week key events at the Eurozone that includes the European Central Bank meeting and growth data. 

Key Quotes: 

“On Tuesday we get German ZEW Economic Sentiment for September. Our main focus will be on the economic expectations which saw a rebound in July and it will be interesting to see whether this trend has continued, especially in light of the decreasing risk of a US-EU trade war.”

“On Friday, the euro area wage growth of Q2 will be published. After seeing an upward moving trend in the previous two quarters which led to a 2% y/y increase in Q1, we expect Q2 wage growth to hit 2.2% y/y, mainly driven by negotiated wages, especially in Germany.”

“On Thursday, the ECB will meet and present new staff projections. We expect a marginal downward revision of the 2019 and 2020 projections, but no new policy signals as the central bank has been content with the current economic path and the market reaction to the recent increased forward guidance in June.”