Market movers today
Euroarea inflation in October is expected to have been pushed up by the Italian VAT increase, while lower energy prices and subdued wage inflation have pulled in the other direction. We expect the net effect to be an unchanged headline CPI at 1.1% y/y.
Yesterday's ADP data suggested continued weakness in US private employment in October. Today's initial jobless claims for the week ending 26 October will give us some further information about the US labour market, although jobless claims data have been distorted recently by computer problems and the government shutdown. These special factors should have largely passed and we expect initial claims to adjust lower as a result.
In Scandinavia Norges Bank's Olson will speak in Trondheim and the bank will also announce its daily FX purchases for November. In Denmark labour market data are due for release.
To Read the Entire Report Please Click on the pdf File Below.
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Danske Daily: October 31, 2013
Published 10/31/2013, 07:17 AM
Updated 05/14/2017, 06:45 AM
Danske Daily: October 31, 2013
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