Eurozone: German IFO and ECB conference in focus - TDS

Analysts at TDS point out that German IFO data and the start of ECB’s Sintra conference will be the most watched event for today’s economic calendar as far as Eurozone is concerned.

Key Quotes

“We’re not expecting any substantial moves in Germany’s IFO survey today. We look for the headline business climate as well the sub-indices to remain within a tenth or two of where they were in May.”

“What may be more interesting is that the ECB’s Sintra conference kicks off this evening, with opening remarks from President Draghi at 6:30pm BST, and a speech from former Fed Governor Bernanke. The conference runs through Wednesday, and we’ll be keeping an eye out for any chatter on the sidelines as well, especially with regard to the ECB’s eventual tapering strategy.”