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It is going to be hard for the DAX not to be distracted by comments from the US this week, with Janet Yellen speaking on both Tuesday and Thursday. Last week’s non-farm payroll figures were worse than expected for the second time in a row, and have subsequently seen some asking for a change to the Federal Open Market Committee’s tapering timeline. Judging by the comments that have come from several of the voting members of that committee, an immediate change looks unlikely but pressure could build.
German traders will no doubt be keeping a wary eye out for results from UK banks this week as a number of issues will affect financial markets in both the UK and Germany.
Barclays has jumped the gun and posted some of its figures a day early creating more questions than answers.
Later in the week we will also see the release of quarterly GDP figures for a number of European countries including Germany.