We’re seemingly continuing the consolidation process after the recent sharp sell-off in the pairing. Still much anticipation of an early Greek default, despite ongoing attempts by a plethora of EU muckety mucks to reassure.
EU data due today:
08:00 GMT: ECB publishes September monthly report
08:00 GMT: Italian CPI for August (final) expected +0.3% m/m, +2.8% y/y, EU harmionised +0.3% m/m, +2.2% y/y
09:00 GMT: Euro zone CPI for August expected +0.2% m/m, +2.5% y/y, core +1.2% y/y
09:00 GMT: Euro zone employment Q2 expected +0.2% q/q
09:00 GMT: Italian current ccount July
European stocks seen opening higher; DAX up around +1.6%, CAC 40 up around +1.1%.
