Wednesday's session brought Eurozone Current Account figures. The current account of the euro area recorded a surplus of €30.8 billion in October 2017. This reflected surpluses for goods (€26.2 billion), primary income (€9.8 billion) and services (€7.3 billion), which were partly offset by a deficit for secondary income (€12.5 billion). The 12-month cumulated current account for the period ending in October 2017 recorded a surplus of €349.6 billion (3.2% of euro area GDP), compared with one of €363.4 billion (3.4% of euro area GDP) for the 12 months to October 2016.
Friday's session was marked by German Consumer Climate figures. Consumers in Germany still appear to be in high spirits at the end of 2017. Both economic and income expectations are on the rise, whilst propensity to buy has taken a slight hit. GfK forecasts an increase in consumer climate for January 2018 of 0.1 points in comparison to the previous month to 10.8 points. Consumers currently see the German economy as displaying a strong upward trend. Economic expectations confirm this very good trend as they are displaying slight growth.
This week markets will be looking at:
German Prelim CPI (Friday)
Spanish Flash CPI (Friday 9:00)
