Another Poor Result For Merkel's Government

Published 10/29/2018, 04:50 AM

Market movers today

Today is relatively quiet in terms of scheduled data releases in an otherwise busy week. We will get US PCE core, where we expect 1.90% y/y - a number that will fit nicely with the Fed's narrative of hiking in December. The UK budget will also draw attention as PM May's supporting party DUP has previously threatened to vote it down.

This week, the main events include Bank of Japan and Bank of England meetings. We also have the US jobs report, euro area GDP and inflation data as well as the Italian budget negotiations.

In Scandi, the Danish FX reserve is being released on Friday - particularly interesting this time as the krone has been hovering on the weak side of the central parity rate.

To read the entire report Please click on the pdf File Below..

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