Research Team at Danske Bank, suggests that in the euro area, data for euro area labour costs for Q4 15 is due to be released. Key Quotes “This will be interesting, as the ECB is worried about the low wage growth, which is contributing to inflation being suppressed. Note in this regard that the labour costs data due to be released next week is from Eurostat, while the ECB is using its own official data as a measure for wage growth. In the US, preliminary consumer confidence figures from the University of Michigan are due to be released. In addition, ratings news from the Eurozone is due out as S&P has Finland, Portugal and Austria up for review.” For more information, read our latest forex news.