Once the European market closes Yellen will discuss perspectives on the American economy. Moody’s will release its revisions to FRA and UK ratings (currently Aa1).
“We expect a trading session more or less similar to yesterday’s. German confidence data will weigh negatively if they come up worse than expected, but stock markets could cautiously rise throughout the session thanks to the American macro,” analysts at Bankinter commented.
Little movement in the fixed income market to close a week of abundant debt issuances. The Eurodollar should not experience great changes since weak data from Europe will be offset by the fall of inflation in the U.S.