Market movers today
The ECB holds a press conference about its Comprehensive Assessment of the banks' balance sheets which includes an Asset Quality Review and stress tests. Focus will be on whether the Asset Quality Review will remove some of the uncertainty surrounding the banking system. We expect the press conference to have limited market impact, but there is a risk of a negative effect if the assessment is interpreted as harsh.
Preliminary euroarea consumer confidence is expected to increase again. Consumer confidence has improved considerably during 2013 and points to higher growth in private consumption.
Focus will also be on central banks. Bank of Canada is expected to leave its overnight target rate at 1.0%. Minutes from the October meeting in Bank of England are expected to show an unanimous decision on the no-change policy.
In Sweden the National Debt Office publishes an updated borrowing forecast and in Denmark we get consumer confidence.
To Read the Entire Report Please Click on the pdf File Below.
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Danske Daily: BoE Minutes Awaited
Published 10/23/2013, 08:43 AM
Updated 05/14/2017, 06:45 AM
Danske Daily: BoE Minutes Awaited
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