Germany’s ZEW Economic Sentiment survey turned positive for the first time in nearly a year, reflecting a significant improvement in growth expectations.
European Central Bank Chief Economist Lane repeated that rates need to reach a restrictive level and that the current 2.00% rate is close to neutral.
Germany’s Economy Minister Habeck said that his government aims to get inflation below 5.0% by the end of the year.
The Federation of German Industries expects that the German economy will contract 0.3% this year.
Eurozone’s January ZEW Economic Sentiment 16.7 (expected -14.3; last -23.6)
Germany’s January ZEW Economic Sentiment 16.9 (expected -15.0; last -23.3) and January ZEW Current Conditions -58.6 (expected -58.3; last -61.4). December CPI -0.8% m/m, as expected (last -0.5%); 8.6% yr/yr, as expected (last 10.0%)
U.K.’s November Average Earnings Index + Bonus 6.4% yr/yr (expected 6.2%; last 6.2%). November three-month employment change 27,000 (expected 5,000; last 27,000), November Unemployment Rate 3.7%, as expected (last 3.7%). December claimant count change 19,700 (expected 19,800; last 16,100)
Italy’s December CPI 0.3% m/m, as expected (last 0.5%); 11.6% yr/yr, as expected (last 11.8%)