HomeContributorsFundamental AnalysisWeekly Focus: Pressure on Italy is Set to Intensify

Weekly Focus: Pressure on Italy is Set to Intensify

Market Movers ahead

  • In the euro area, focus will remain on the Italian budget turmoil and the ECB meeting on Thursday. We will get the first indication of Q4 GDP with the flash PMI.
  • In the US, the first estimate for Q3 GDP is due to be released, as well as PMI for October.
  • We are likely to have to wait another two months at least for a deal to be agreed on Brexit.
  • In the Nordics, the key event will be the Riksbank meeting, as well as projections from the Swedish Debt Office. We also have the Norges bank meeting.

Global macro and market themes

  • Brexit negotiations failed to reach breakthrough at EU summit. No deal within the next two months.
  • Harsh EU letter to the Italian government.
  • US sell-off took a breather amid moderate risk sentiment.

Full Report in PDF

Danske Bank
Danske Bankhttp://www.danskebank.com/danskeresearch
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Markets´ research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Markets is a division of Danske Bank A/S, which is regulated by FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright (©) Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.

Featured Analysis

Learn Forex Trading