Euro area September consumer confidence is due for release. We expect an above-consensus improvement.
Tonight Fed's George and Kocherlakota speak. Both are non-voters but we will listen for comments that could cast more light on the reasoning behind the FOMC non-move on QE tapering.
With a fairly thin calendar today focus will mainly be on how to position for the German federal elections on Sunday. The outcome is unclear. It is not certain that FDP will get above the 5% threshold and even if it does the current coalition may not get a majority. Lengthy negotiations resulting in a CDU/CSU - SPD grand coalition then seems to be the most likely outcome. An uncertain outcome may result in a slightly negative market sentiment but keep in mind that no matter what coalition eventually will be formed, Germany will remain pro-euro.
Riksbank governor Ingves and deputy Skingsley take questions in an open hearing on monetary policy at the Riksdag Committee on Finance.
To Read the Entire Report Please Click on the pdf File Below.
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Danske Daily: German Election Countdown
Published 09/20/2013, 06:45 AM
Updated 05/14/2017, 06:45 AM
Danske Daily: German Election Countdown
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