•
Echoes of Scotland
– GBP lower
today on profit-taking, political risk in UK – may be overdone, given the
recent move up in UK rate expectations
– EUR lower
as Catalonia may call a referendum on independence, setting up a constitutional
conflict
•
Echoes of the Fed
– USD
generally higher; CAD also up on sharp jump in core CPI
– Market is
likely to be taking its lead from central banks again; USD, NOK to gain, EUR,
SEK to suffer
•
Today:
– Eurozone: ECB
President Draghi give quarterly testimony to EU Parliament; Eurozone consumer
confidence for Sept
– US:
existing home sales for August forecast to show small rise;
Chicago Fed index
•
This week
– Tuesday
is PMI day: China, Germany, Eurozone expected lower, US higher
– Wednesday:
Ifo survey
– Thursday:
US durable goods
– Friday:
Japan CPI
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