UK GDP amongst market movers today – Danske Bank

Analysts at Danske Bank suggest that in the UK, the second estimate of GDP will be keenly watched by investors today to gauge the strength of the economy.

Key Quotes

“In the UK, the second estimate of GDP growth in Q2 will also attract attention for two reasons. The first is because the initial estimate of only 0.1% q/q was lower than expected by most economists. The second is because it is the first time we get the expenditure components so that we can see why growth was weak from a demand perspective.”

“In the euro area, German ifo expectations are released, where consensus is for another decline following the weak PMI numbers earlier this week.”