Published On: Thu, Dec 7th, 2017

Danske Daily – 7 December 2017


In Germany, industrial production is set to show a decent increase for October after a drop in September. A rise in factory orders yesterday continued to point to a robust recovery, as does a high level of German manufacturing confidence.

Headlines regarding German politics could come back into focus, as the three-day SPD party kicks off today, where SPD members will decide whether to enter renewed coalition negotiations for a ‘grand coalition’ with Angela Merkel’s CDU party.

US initial jobless claims is the last piece of input on the US job market ahead of the payrolls report tomorrow. Initial claims have hovered around 240k recently, pointing to a strong labour market (see our US Labour Market Monitor: Expect strong November report , 5 December).

In the late afternoon, ECB President Mario Draghi will participate in a press conference by the Bank for International Settlement in his role as Chair of the Group of Governors and Heads of Supervision, but this is unlikely to provide material news ahead of the ECB meeting next week.

Some interesting Scandi data is due today. Norway is due to release manufacturing production and in Sweden, household consumption and not least average house prices will be followed closely to gauge the temperature of the Swedish housing market (see page two for more).

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