US presidential election. The political climate is likely to remain unfavourable for compromises on reforms that tackle the longer term debt problems.
The big event in the euro area is the ECB meeting on Thursday. We believe the ECB will deliver only some verbal support to the market.
ISM non-manufacturing index, University of Michigan consumer confidence and service PMIs should give further insight into the strength of the ongoing recovery.
Global update
Hurricane Sandy caused widespread damage along the US East Coast. The damages from Sandy are estimated to amount to 0.1% of US GDP.
US manufacturing ISM increased for a second month in a row and new orders improved as well. Details suggest that primarily domestic demand is picking up.
The euro area bank lending survey showed that credit tightening continues at a slightly increased pace.
China's official NBS manufacturing PMI improved moderately to 50.2 in October from 49.8 in September, indicating that growth has bottomed.
The Bank of Japan (BoJ) expanded the target for its asset purchase programme further by JPY11trn to JPY66trn.
To Read the Entire Report Please Click on the pdf File Below
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Weekly Focus Sweden: Get Ready For US Presidential Election
Published 11/05/2012, 03:53 AM
Updated 05/14/2017, 06:45 AM
Weekly Focus Sweden: Get Ready For US Presidential Election
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