Look ahead: ECB rate decision; Q4 GDP growth rate; Intel; American Airlines
The European Central Bank rate decision moves into view, especially after ECB President Christine Lagarde told Bloomberg the central bank is on track to get inflation back to its 2% target, but victory has not yet been won.
US Q4 GDP growth rate numbers on deck. On the corporate front, look out for earnings from Intel and American Airlines.
(AI Video Summary)
German business confidence data
Germany is set to release business morale data, and the European Central Bank's interest rate decision is also expected. Meanwhile, in the US, attention is on the GDP growth rate for Q4 and other important economic indicators. In the UK, earnings reports from companies in the health and tech sectors like Intel will be closely watched.
In Germany, there will be new data on business confidence. This is important because it can give us an idea of how optimistic or pessimistic German businesses are about the future. The previous month's reading was a bit low, but experts think this month's reading might be a little higher.
ECB to decide on interest rates
The European Central Bank will also make a decision on interest rates. Basically, they will announce if they plan to change the cost of borrowing money. Experts don't expect any changes this time, but if they are worried about inflation - the rate at which prices are rising - they might make a move that affects the value of the euro compared to other currencies.
In the US, we're going to find out how much the economy grew in the last quarter of the year. This is important because it tells us how well the US is doing financially. There will also be updates on things like how many new homes were sold and how many people made jobless claims. All of these data points can affect the value of the US dollar.
UK big companies' earnings reports
In the UK, the focus is on earnings reports from some big companies. For example, Intel, a tech company, will be making important announcements about its products and plans. This could have an impact on its competition with other companies in the automotive sector. We'll also be looking closely at American Airlines' earnings report, to see how they've been affected by issues with Boeing planes.
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