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Focus today inflation data from Germany and the PMI index in the UK

In today investors will focus on PMI index in the construction of the UK, and the preliminary data for inflation in Germany.

European session today began with data from Spain the number of unemployed, which is expected to show an increase to -72 300 to -14 688, the data will have limited impact on the market. At 10:30 follows Release of PMI index in the production of Switzerland, and is forecast to rise to 52.6 to 51.1 points in the previous period, if the results justify the possible increase in CHF.

11:30 will turn our attention to the United Kingdom and the results of PMI in the construction sector, which is expected to decrease to 59.0 to 59.4 points for the previous reporting period. Possible increase in volatility, and if the forecasts come true and a slight decrease in pounds. Also at 11:30 will be clear and investor confidence in the Eurozone, which is expected to increase to -1.0 to -2.5 points.

At 15:00 follows and important preliminary data from Germany for inflation in December. Expected to increase to 0.1% compared to 0.0% in November month. Yoy forecast to decrease to 0.3% compared to 0.6% for the previous reporting period. At the same time will come and data on the Harmonised Index of Consumer Prices in Germany, is expected to increase to 0.2% compared to 0.0% for the last period.

During the US session today have no important news, as only at 16:45 US will become clear results ISM index of business activity in New York, which is not expected to change by 62.4 points, and data will have limited impact on the market.

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