•
After all the drama of last week, markets
finish little changed
– US 10yr
bond ends week @ 2.20%, down from 2.28% a week earlier
– DXY index
down 0.2%, not much considering the volatility of the week. USD gains on the
week vs NOK, CAD, JPY and GBP
•
Some ECB officials reassure the markets that
QE is coming
– Coeure
said purchases will start “within the next days”
– Weidmann
sees “a shift to QE philosophy,” although he’s not happy about it
– Also,
Greek markets calmed down
•
Journalists, Fed officials confirm Fed likely
to stop QE on schedule
•
Today:
– Eurozone: German
PPI expected to fall at accelerating pace = EUR-negative
– Canada:
wholesale trade sales for August
•
Rest of week
– Tuesday:
China Q3 GDP, retail sales and industrial production for Sep
expected to slow = AUD-negative? Minutes of latest RBA meeting
– Wednesday:
Bank of Canada expected to remain on hold at neutral
– Thursday:
Norges Bank meeting (remain on hold), global PMIs
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