The assessment of the current situation in Germany has also experienced a decline. The corresponding indicator decreased by 1.6 points to a level of 90.7 points. Concerns surrounding a possible trade war with the US are also having a negative impact on the outlook for the Eurozone, with the corresponding indicator dropping 15.9 points to a reading of 13.4 points. The experts’ assessment of the current economic situation in the Eurozone has also decreased, falling 1.5 points to a level of 56.2 points.
There will be no major data releases from Eurozone tomorrow. In the US session focus will be on FOMC interest rate decision as well as following press conference with analysts expecting interest rate hike to 1.75%.
Figures to watch:
Federal Funds Rate/FOMC Press Conference (Wednesday 19:30)