Wednesday, October 15, 2014

The focus today will probably be on the double appearance of the European Central Bank President Mario Draghi


     The focus today will probably be on the double appearance of the European Central Bank President Mario Draghi
      ECB President is expected to point out again that the Bank is ready to act more if needed
     Chinese CPI slowed to 1.6% yoy in September from +2.0% yoy in the previous month, while the PPI fell deeper into negative territory at 1.8% yoy
      The below consensus figures add to concerns of sluggish global growth and sustained low inflationary pressures.
      It seems that low interest rates fail to stir economic activity and investors are becoming worried about central banks’ ability to do anything about it.
     Today:
      Germany: Final CPI for September
      UK: The unemployment rate is forecast to have declined to 6.1% in August from 6.2%, and the average weekly earnings to accelerate slightly
      US: Retail sales for September, the Empire State manufacturing survey for October and the MBA mortgage applications week ended on Oct 10

      Two speakers scheduled today: ECB Supervisory Board Chair Daniele Nouy and BoE policy maker Martin Weale

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