On an otherwise quiet day for economic data, industrial productions figures for July were released from the eurozone. Both the year-on-year and month-on-month readings unexpectedly fell and came in below expectations.
This could be a sign that trade war fears are having a real bearing on the eurozone’s economy. With that in mind, EU leaders will probably be delighted to hear that the US is proposing a fresh round of trade talks with China.
Germany’s inflation rate for August will be released today, with analysts expecting it to remain at 2%. We will also see the ECB’s interest rate decision (rates will be held), as well as the press conference. With quantitative easing set to end after December, it will be interesting to see if there are any further indications over future policy.
