European Economics Preview: German Trade, Debt Auction In Focus
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European Economics Preview: German Trade, Debt Auction In Focus
fxpulsation on Wed Feb 08, 2012 10:28 pm
European Economics Preview: German Trade, Debt Auction In Focus
Foreign trade figures from Germany and unemployment data from Switzerland are the major European statistical data due on Wednesday. Further, Germany is set to auction its 5-year Federal Notes today, aiming to raise EUR 4 billion.
Switzerland's State Secretariat for Economic Affairs (SECO) is slated to publish the January unemployment figures at 1.45 am ET.
At 2 am ET, German trade data is due. The trade balance is forecast to post EUR 13.8 billion surplus in December. Exports are seen declining 1 percent from a month earlier, while a growth of 1 percent is forecast for imports.
Bank of France is scheduled to release the business sentiment survey results at 2.30 am ET. Economists expects the sentiment indicator to remain unchanged at 96.
Czech unemployment, Spain industrial production, Hungary foreign trade and Turkey industrial production are due at 3 am ET.
Interest rate decision from the Central Bank of Iceland is expected at around 4 am ET. Base rate announcement from the National Bank of Poland is also due later in the day.
Germany is set to hold an auction of its 0.75 percent 5-year Federal Notes or Bobls at 5.30 am ET. The country is aiming to raise EUR 4 billion from the sale of the debt due February 2017.
The previous tap on the line was on January 11, which was met with strong demand. The yield on the 5-year paper had declined to 0.90 percent and demand was 2.8 times the offer.
More FOREX-news on pages InstaForex.Com
Foreign trade figures from Germany and unemployment data from Switzerland are the major European statistical data due on Wednesday. Further, Germany is set to auction its 5-year Federal Notes today, aiming to raise EUR 4 billion.
Switzerland's State Secretariat for Economic Affairs (SECO) is slated to publish the January unemployment figures at 1.45 am ET.
At 2 am ET, German trade data is due. The trade balance is forecast to post EUR 13.8 billion surplus in December. Exports are seen declining 1 percent from a month earlier, while a growth of 1 percent is forecast for imports.
Bank of France is scheduled to release the business sentiment survey results at 2.30 am ET. Economists expects the sentiment indicator to remain unchanged at 96.
Czech unemployment, Spain industrial production, Hungary foreign trade and Turkey industrial production are due at 3 am ET.
Interest rate decision from the Central Bank of Iceland is expected at around 4 am ET. Base rate announcement from the National Bank of Poland is also due later in the day.
Germany is set to hold an auction of its 0.75 percent 5-year Federal Notes or Bobls at 5.30 am ET. The country is aiming to raise EUR 4 billion from the sale of the debt due February 2017.
The previous tap on the line was on January 11, which was met with strong demand. The yield on the 5-year paper had declined to 0.90 percent and demand was 2.8 times the offer.
More FOREX-news on pages InstaForex.Com
fxpulsation- Posts: 94
Join date: 2012-01-25 
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