There were no major data releases from Eurozone yesterday. ECB member Nowotny said that ECB decision last week was right. He said that Eurozone is significantly under inflation target, while US is in a different phase of growth cycle and must watch for side-effects like bubbles. He concluded that ECB will not let itself be influenced by markets. ECB's member Ardo Hansson said that inflation outlook and the economy were key factors in the ECB decision and that ECB measures will lower the yield curve. Hansson was on the list of those most likely to be against additional action.
There will be no major data releases from Eurozone tomorrow so we can expect a bit less volatile European part of the session. In the US session Unemployment Claims figures will be released. Decrease to 266,000 is expected.
Figures to watch:
Unemployment Claims (Thursday 14:30)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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