Market movers today
The data calendar is fairly thin today, so market focus will probably be on the US tax policy proposals, where key republican policy makers sent out their proposal yesterday, demanding deep tax cuts but adding few details on how to pay for them.
Several business indicators are released in the euro area, which are expected to remain at fairly high levels. The preliminary German inflation figures for September will be released. We estimate a small drop of 1.6% slightly below consensus of 1.8%.
EU Chief negotiator Michel Barnier and UK Brexit secretary David Davis are hosting a joint press conference on the fourth round of Brexit negotiations.
In Denmark, business confidence data for September is due out. The manufacturing indicator fell in August but only after hitting its highest level since April 2014 in July, so it will be interesting to see whether it picks up again in September. Foreign portfolio investments and securities statistics for August are also due to be released today.
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