The eurozone measure its weakness, the ECB ready to intervene – The Republic

The eurozone measure its weakness, the ECB ready to intervene – The Republic

MILAN – Inflation and GDP. The European Central Bank will have in the week leading up-dates on the Old Continent, in addition to the report that the staff is going to fill itself Eurotower. Are numbers that should confermassero Europe’s weakness, would give new ammunition to the Governor Mario Draghi to ask the Executive Board of the ECB to put in place additional measures. Maybe that quantitative easing (the purchase of securities, especially bonds) that many believe now in the pipeline, despite splits with rigorous internal facing the ECB, led by Jens Weidmann.

The markets are eagerly awaiting the ‘Use the bazooka Draghi, meanwhile, continues volatiltà that we have seen in recent times, even in the wake of the opposite directions that are taking central banks: the Fed to the narrowing of the monetary policy, the Bank of Japan (as the ECB) to further expansions. The last eighth was closed with a negative balance of Milan (-3.4%), which led practically to zero the gain of 2014. The lack of confidence in Europe seems to become the main protagonist in the operating rooms at this time prevails climate of caution with respect to the euphoria that accompanied the emergence of the US recovery. Special Note currencies, after the recent strengthening of the dollar and commodities: the timid recovery of crude oil on Friday brought a little ‘securities purchases even oil companies. Here are the week’s appointments.

Monday, November 10
The Bank of Italy has published data on the main items of bank balance sheets , in September 2014 and the supplement to the statistical bulletin Money and Banking in September 2014. Istat publishes surveys on industrial production in September. At the level of the index is expected Eurozone investor confidence

Tuesday, November 11
Japan opened the day with the macro scale commercial. On the corporate front, eyes on the accounts of Enel to 30 September. From the US there’s data on the level of optimism of small businesses.

Wednesday, November 12
From Japan comes the index of the service sector . In Italy, the Treasury will test investor confidence in the auction Bot annually; Terna and ACEA publish quarterly accounts. It then looks at the industrial production in the eurozone, unemployment in the United Kingdom and wholesale inventories in the US, combined with the trend of mortgage applications.

Thursday, November 13
the agenda machinery orders and industrial production of Japan. Even the Italian Treasury protagonist puts on auction notes, medium and long term, while the ECB publishes its newsletter. The most significant data on inflation, however, are those of the major EU economies, which could show further weakness and then push Mario Draghi as an intervention. In the US, we expect requests for unemployment benefits and the deficit. Pay attention to the reserves in gold and foreign currencies of Russia, in the midst of a currency crisis.

Friday, November 14
The most important in the coming week on the last day of the eighth: the GDP of Germany, France and Italy in the third quarter, surveys which come together in the Eurostat issuing the product of the area with the single currency. On the agenda in Brussels is also inflation, while the Bank of Italy published the supplement to the statistical bulletin Public Finances, borrowing requirement and debt in September. From the US, retail sales and confidence as measured by the University of Michigan.

Arguments:

agenda

market

inflation

GDP

Eurozone

Starring: