There were few data releases on Tuesday, but some events are worth your attention.
Swiss government has decreased its economic growth forecasts according to SECO. The GDP is expected to be 2,6% in 2018 and 1,5% in 2019.
Euro commissioner Moscovici has commented France’s budget deficit. He said that there will be no penalties as French case is not alike Italian. They are different as France’s deficit will be temporary measure.
Ifo business activity index has declined on December for the fourth month is a row. It reached 101,0 level.
The US President continues to attack the Fed on the eve of the FOMC meeting, which is planned for December 19. It is to mention that FED plans to increase rates. Trump criticize monetary policy tightening.
The probability of recession is higher in 2019 than earlier. Some experts think that the FED is likely even to ease rates in 2019.
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