Danske Daily: US Federal Workers To Return To Work

Published 10/17/2013, 06:31 AM
Updated 05/14/2017, 06:45 AM

In the US federal government workers will be back to work today, and we expect to get a schedule soon for the publication of the postponed economic data, including the September labour market report.

We have a flood of speeches from Fed members with Fisher, Evans, George and Kocherlakota featuring. We will be looking for signs that the tapering decision has now been pushed into 2014 on the back of recent weak data and continued political uncertainty ahead. Otherwise, weekly jobless claims and Philly Fed survey out.

The ECB's Governing Council meets today and will likely discuss how to undertake the Asset Quality Review and stress tests. The result or part of it may be presented to the public next week when markets are likely to focus on whether the review will remove some of the uncertainty surrounding the banking system.

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