Today, Vice-President of the ECB, Luis de Guindos, will give a speech, which could hint at the ECB’s stance ahead of their Interest Rate Decision announcement on Thursday. President of the ECB, Mario Draghi, will deliver his final press conference on Thursday before stepping down.
German PPI released this morning showed that Germany’s producer prices fell by 0.1 percent year-on-year in September 2019, compared to market estimates of a 0.3 percent decline and following a 0.3 percent gain in the previous month. This marked the first yearly decrease in producer prices since a 0.5 percent fall in October 2016.
We’ll see a series of data released for the EU this week, including Consumer Confidence figures on Wednesday and manufacturing PMI on Thursday.
