Market insights

Massive Day For The Euro

Today sees a big day for the Euro.

Quarterly GDP is the first Eurozone report with 0.1% growth expected.

That's mightily close to no growth or contraction.

Not long after is the ECB interest rate decision.

Analysts are expecting a 25 point cut to 2.75%.

With both the US and Canada matching predictions yesterday this will be closely watched.

Not long after there's US GDP information out with quarterly growth of 2.5% expected.

Into the evening and Japanese inflation gets reported. Expect annualised growth of 2.5%.

Business news speculates on the chance of further tax hikes in the UK due to increased borrowing costs for the Government.

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Economic calendar

EUR: 10:00 GDP Report

EUR: 13:15 ECB Interest Rate Decision

US: 13:30 GDP Report

EUR: 13:45 ECB Press Conference

JPN: 23:30 Inflation Report

As ever we look forward to keeping you in the loop and look out for our next update.
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