Danske Bank analysts suggest that a range of ECB speakers will draw attention today.
“We will watch in particular what Chief Economist Philip Lane has to say at 16.30 CEST today, as sceptical voices about the ECB package have grown louder. In a Handelsblatt interview yesterday, he already hinted that the ECB has leeway to cuts interest rates further. Financial market focus continues to be on the US liquidity situation, see FX Edge: After the USD liquidity scare. In terms of data releases, today's focus is on the US PCE core, Swedish retail sales and the Norwegian unemployment rate. We expect US PCE core to have risen +0.2% m/m in August, implying an unchanged PCE core inflation rate at 1.8% y/y. In the euro area, today's highlight will the Commission's economic confidence indicators. PMIs and Ifo painted a gloomy picture about the state of the euro area economy. In today's release, in particular we will look out for whether service sector confidence is sliding further.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.