Market movers ahead
- In the euro area, the highlight is the ECB meeting, where the unveiling of the long-awaited stimulus package is set to take place.
- In the UK, focus remains on Brexit and the timing of a potential snap election.
- Apart from headlines about the upcoming trade talks, we will also be looking out for Chinese credit and money growth data.
- As the Fed’s blackout period starts, we expect a quiet week in the US apart from CPI core figures for August.
- In the Scandi countries, we expect markets to keep a close eye on Swedish and Danish inflation figures for August, as well as on Norges Bank’s latest regional network survey.
- A dramatic Brexit week concluded with the risk of a no-deal Brexit subsiding slightly (see Brexit Monitor – Election may lead us to the Brexit end game (but not necessarily) , 6 September).
- Risk sentiment in the markets got a boost from news that China and the US are resuming trade talks.
- The US economy is growing at two difference paces, taking US yields higher.
- In Germany, we think a wait-and-see attitude on expansionary fiscal policy will prevail (see Research Germany – Loosening the brake , 5 September).
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