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Danske Daily: Focus On US Decision To Strike Syria

ByDanske Markets
Published 09/09/2013, 07:20 AM
Updated 05/14/2017, 06:45 AM

With few important data releases today, focus will be on the U.S.'s decision regarding Syria as Congress is likely to vote this week on whether to carry out a strike. So far, Obama has support from the Senate but, in our view, it will be harder to get the House of Representatives on board.

Fed's Williams (non-voter, dove) is due to speak this afternoon and this could give more insight into the Fed's view on tapering after Friday's job report. With the weak job growth, we put a 75% probability on a September start to tapering and 25% on October.

Italian politics may also again attract attention as the senate committee starts expulsion proceedings against former PM Berlusconi. The issue risks splitting the Italian coalition government in two.

The Norwegian election is likely to see the centre-right opposition rise to power, though the exit of incumbent PM Stoltenberg's centre-left coalition will not have much of a market impact, in our view. In Denmark, current account data is due.

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