Focus today, data on inflation in Spain and the US Consumer Confidence

The focus today will be on inflation data in Spain, as well as consumer confidence in the US, which is expected to affect the market, due to low liquidity.

European session starts at 09:00 with the news from the UK and Nationwide HPI index. Forecasts are for the preservation of data for the previous month by 0.3%, as a possible improvement of data can have a positive impact on the GBP.

At 10:00 investors will pay attention to the results of inflation in Spain, where ochavkaniya have to drop to -0.7% -0.4% yoy. At the same time it will also become clear, current accounts and retail sales of Spain, by not expect any changes from previous reporting period, respectively 1.0% of retail sales and 0.44B for current accounts. In less data we can see a decrease of the euro.

At 11:00 will be known data on M3 money supply in the euro area is expected to increase 2.6% to 2.5% for the previous reporting period. The data will have limited impact on the market.

At 13:00 of Italy expected results for PPI index in which no change is expected from -0.4% to -1.2% monthly and annual basis.

US session started today with sales figures in stores from 14:45. At 15:55 will come and data Redbook, which will have a limited impact on the market.

At 17:00 the attention of investors will focus on US consumer confidence, as if the expectations for an increase to 93.2 points compared to 88.7 justify may see an increase in the dollar and US indices.

Varchev Finance