It was a quiet start to the week yesterday with only medium and low tier data released. Spanish Flash GDP data and UK Net Lending to Individuals both registered exactly as expected. The US Personal Spending figure however exceeded the estimate.
This morning the Eurozone released their CPI Flash Estimate posting at 1.4%, lower than the expected 1.5%. The Eurozone also released their Prelim Flash GDP figure expected at 0.5% but posting at 0.6%. This afternoon saw Canada release their GDP figure, posting a disappointing -0.1%, BOC Governor Poloz is set to speak this evening. The US will release their CB Consumer Confidence figure this afternoon, expected at 121.1. The day will end will finish with New Zealand releasing their Employment Change figure expected at 0.8%.
The situation in Catalonia seems to have calmed for the moment. Potential political risk and currency affect minimised due to Catalan leader Carles Puigdemont fleeing to Belgium. Without his presence, the independence movement is struggling to move forward.