Markets will continue to digest the FOMC meeting yesterday, see our take here in FOMC review: Unchanged hiking signals as QT is set to begin next month , 20 September 2017.
In the Scandi markets, today's key event is the Norges Bank meeting, where we share the consensus view that Norges Bank will not touch interest rates. The minutes from the Riksbank's September meeting are also due out (see page 2).
In the euro area, consumer confidence data for September is due out. Wage growth has started to pick up in Q2, but as inflation has also increased since 2016, real wage growth remains low and could act as a drag on consumer confidence. We expect a small decrease in confidence to -1.6 in September.
In the US, the Fed Philly index for September is due to be released, which we expect to fall somewhat given the extremely large gap between ISM manufacturing and Markit PMI manufacturing. The numbers may be somewhat affected by the recent hurricanes although it remains our base case that any impact should be short-lived.
ECB president Mario Draghi is also due to speak in Frankfurt this afternoon.