Data, released on the past week, show that the euro zone’s economy expanded by 0.2% in Q3 – this is slightly above the forecast of 0.1%. However, the improvement is not really significant and was partially caused by calculation changes, so the figures failed to move the market.
The overall economic picture in the currency block remains gloomy, so the European Central Bank is expected to announce a large-scale bond buying program in the coming months. We remind you that the ABS buying program begins next week.
On the new week watch ZEW economic activity indices on Tuesday and flash PMIs on Thursday. Mario Draghi will deliver a speech twice – on Monday and on Friday.
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