Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Weekly Focus Sweden: Diverging Paths For Central Banks‏

ByDanske Markets
Published 11/15/2013, 06:11 AM
Updated 05/14/2017, 06:45 AM
FTNMX301010
-
ICON
-

The euro area's manufacturing PMIs are expected to be broadly unchanged in November, but still consistent with a slight improvement in growth.

In the US minutes from the October Fed meeting could give us important insight into the support within the Fed for strengthening forward guidance.

The Bank of Japan is not expected to add additional stimulus in connection with its meeting despite slower growth in Q3.

In China we expect only a slight improvement in the HSBC manufacturing PMI in November.

In Norway GDP growth in Q3 is expected to have held up relatively well despite weak private consumption, possibly weakening the case for a rate cut.

Global Macro and Market Themes

The Fed is now expected to start tapering in January on the back of the strong labour market but dovish comments from Janet Yellen underscore it is not a done deal.

Growth in the euro area disappointed slightly. While we do not expect another rate cut, ECB is expected to launch a new LTRO but to refrain from asset purchases.

The Bank of England revised its unemployment forecast markedly lower and now projects its first rate hike in 2015.

Divergent paths for central banks strengthen the case for a weaker EUR.

In China the Third Plenary is expected to pave the way for accelerated economic reforms, albeit few specifics were revealed.

Renewed pressure on Emerging Markets due to Fed tapering fears.

In Sweden a drop in inflation paves the way for an interest rate cut in December.

To Read the Entire Report Please Click on the pdf File Below.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.