Market movers ahead

  • We see a 60% chance for an interim trade deal between China and the US next week.
  • Fed speakers will provide important clues about their policy stance ahead of the October meeting amid higher CPI core inflation.
  • ECB minutes will reveal the degree of disagreement about the new easing package and potential future policy responses.
  • In the UK, the focus is on the Brexit negotiations between the UK and EU ahead of the 17-18 October EU summit.
  • In the Scandi region, inflation readings for September are among the key releases.

Weekly wrap-up

  • US data have been weak so far, increasing market bets on a Fed cut in October.
  • In China, better than expected PMI numbers raise the hope of a better outlook for the Chinese economy.
  • UK PM Boris Johnson’s Brexit proposal received a cautious response from the EU.
  • SEK extended its losses higher after a dire print for manufacturing PMI.
  • Despite the ECB’s easing package, market-based inflation expectations hit a new record low.

Full report in PDF.

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