Eurozone GDP and US retail sales amongst key economic releases today - Rabobank

Piotr Matys, EM FX Strategist at Rabobank, suggests that we have plenty of data to digest today as Eurozone will publish preliminary GDP figures for Q3 (stable growth of 1.3% y/y and 0.3% q/q is expected).

Key Quotes

“This will be followed by the ZEW survey with the current situation seen improving to 61.6 in November from 59.5 in October and expectations edging higher to 8.1 from 6.2. In the UK, the much weaker sterling may start filtering through consumer and producer prices.”

“Another fairly solid rise of 0.6% m/m in US retail sales would keep the Fed on track to raise rates in December. The markets will be looking for fresh clues on that from Fed’s Rosengren, Tarullo, Fischer and Kaplan who will speak today.”