Final readings for German Q4 GDP, Eurozone January inflation on the agenda
Happy Friday, everyone! Hope you're all doing well as we look to wrap up the trading week. US-China trade talks will be the key focus of markets as they come to a conclusion today so expect that to dominate trading sentiment more so than economic data releases.
That said, we'll have a couple of items on the agenda in the European morning before we gear towards Canadian retail sales data at 1330 GMT.
0700 GMT - Germany Q4 final GDP figures
Preliminary report can be found here. Just be wary of a potential revision to negative quarterly growth if anything else, otherwise there shouldn't be much in the final release here to impact the euro.
0730 GMT - Switzerland Q4 industrial and construction output
Q3 figures can be found here. General indication of factory activity in the Swiss economy. Low-tier data, considering that Switzerland relies much more heavily on its services sector.
0900 GMT - Germany February Ifo business climate index
Prior release can be found here. A measure of business conditions and sentiment/expectations towards the German economy. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018. Sentiment has been on the decline, reflecting the sluggishness seen in the German economy as of late and that trend is expected to remain or at least not improve in the release here.
1000 GMT - Eurozone January final CPI figures
Preliminary figures can be found here. As these are final readings, they aren't expected to produce much - if any - reaction in markets unless the figures heavily differ from initial estimates.
1100 GMT - UK February CBI retailing reported sales
Prior release can be found here. The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy. A minor data point.
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!
