Economic wrap: a positive 4Q for Eurozone, BoC to hike? - Westpac

Analysts at Westpac as offered an economic wrap.

Key Quotes:

"EU Nov Trade (+EUR22.5bn, est. 22.3bn). Another strong regional release underscored the positive 4Q in Eurozone. 

CA Existing Home sales (+4.5% m/m, prev. +3.9%) Canadian housing data has continued to perform strongly after the notable weakness seen in mid-2017. 

In the run-up to Wednesday’s BoC policy meeting data has proved to be strong with the majority of the market forecasting 25bp hike.

As noted, the assessment of the Eurozone economy by ECB’s Hansson underscored the positive profile that was made clear in ECB’s minutes released last week."