The first economic data of the week will provide the markets with some real impetus, or at least that is what we hope. The ECB press conference following another announcement of no rate alteration will provide some insight into risks facing the markets.
Asian markets have followed Wall Street lower overnight with the Hang Seng currently losing 123 points whilst the Nikkei225 has lost 142 points. Threats of additional tariffs to Europe from Donald Trump and a downgrade on growth forecasts by the IMF have rekindled growth fears and today’s announcements will be scrutinized to either affirm or rebut those concerns.
We start with GDP and Manufacturing production numbers from the UK before the ECB rate decision and then Core CPI and CPI numbers from the U.S.