Market movers today
Focus will be on global PMIs. We expect overall euro area PMIs to increase, thereby confirming the brighter economic outlook within the euro area. The facts that last month's final PMIs were revised upwards (albeit only very little) and that the order-inventory balance is high point towards higher PMIs.
In the US consensus expectations point to a small drop in Markit PMI. However, the average of the regional PMIs already released does not suggest a decline and we see a small upside risk to the forecast.
In the afternoon the European council meets to discuss growth-enhancing initiatives, the banking union and the single supervisory mechanism.
In the Scandi sphere both Riksbanken and Norges Bank will announce rate decisions. We expect both central banks to keep their interest rates unchanged but in Sweden risks appear skewed on the downside.
To Read the Entire Report Please Click on the pdf File Below.
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Danske Daily: October 24, 2013
Published 10/24/2013, 07:15 AM
Updated 05/14/2017, 06:45 AM
Danske Daily: October 24, 2013
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