Today the UK labour market report for July will be published. With the Bank of England adopting forward guidance linked to the unemployment rate, this release will get much attention in the UK markets.
ECB's Asmussen due to speak in Berlin tonight. He could elaborate further on his comparison of the current situation to the Fed's exit of its monetary accommodation in 1994, and his comment that spillovers can be expected to "be even larger today". Related to that he said yesterday that one of the objectives behind the ECB's forward guidance was, "to make sure that economic data do not cause overreactions in the market interest rates' and repeated the ECB remains ready to act if conditions deteriorate".
Overnight the Reserve Bank of New Zealand is expected to keep its rate at 0.25%. According to a Bloomberg survey, 15 out of 15 economists expect an unchanged rate.
There are no market movers in the Scandi sphere.
To Read the Entire Report Please Click on the pdf File Below.
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Danske Daily: September, 11 2013
Published 09/11/2013, 07:24 AM
Updated 05/14/2017, 06:45 AM
Danske Daily: September, 11 2013
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