Danske Daily - 10 September 2015

Published 09/10/2015, 02:20 AM
Updated 05/14/2017, 06:45 AM

Market Movers

In the UK, we get the rate decision of the Bank of England's MPC and minutes from the August policy meeting at the same time. We expect the Bank Rate and the stock of purchased assets to remain unchanged at 0.50% and GBP375bn, respectively. The BoE was more dovish than expected at the August meeting and we expect another 8-1 split vote in favour of keeping the Bank Rate unchanged against raising it.

Jobless claims data in the US have generally been solid with initial jobless claims fluctuating around the 270-275K level since May. Last week showed an increase to 282K but according to the labour department, volatility can be higher in the 'back to school' period. Hence we could see some payback today. Continuing claims have also been stable around low levels since May and consensus looks for a continuation of this.

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