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According to analysts the German economy was able to recuperate entirely thanks to the high labor market and its export performance. The increased outages are projected to continue reducing the risk of growth causing storage costs to increase and that’s applying pressure to oil prices. Data related to the change in consumer prices of goods and services in Germany during the day is expected to decrease to 0.1% from 0.3% last month. Consumer credit in the UK is expected to increase 2.9b from 1.6b.
The second day of the EU economic summit is expected to have limited impact on the euro yen pair but it is projected to give critical insights for future decisions.
US bank stress test results are expected to have limited effect on the dotted Swiss franc but are projected to give reliable information about the state of the US banking system.
Thank you for joining us for Wednesday’s market outlook we hope that you’ll tune in tomorrow morning for the latest events in the market.
