Day dominated by continued swings in the markets - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that today is likely to be dominated by continued swings in the markets but data-wise we will see German industrial production (seen 0.5% m-o-m) and trade numbers, along with the UK trade report.

Key Quotes

“In the US we get the NFIB small business survey, which is likely to be as gruff as ever, and then we see wholesale inventories and sales, where both are expected to decline, the latter by more than the former (-0.2% and -0.4%, respectively): if so, that will push the inventory/sales ratio even higher into what is usually recessionary territory.”