Key events ahead and economic wrap - Westpac
|Analysts at Westpac offered an economic wrap for the US sesison.
Key Quotes:
"Markets were dominated by concerns and risk reduction in front the first US Presidential debate but were also weighed down by concerns over Europe’s banking sector.
Comments from Fed and ECB members and mixed economic reports had little market impact.
US Aug New Home Sales 609k , vs expected 600k (prev -659k). Dallas Fed Sep Manufacturing Index -3.7 vs expected -3.0 (prev. -6.2)
Economic Event Risks Today
Very little AU or NZ releases over the next 28 hours.
China industrial profits finding support from commodity and steel prices, but pace of growth still soft relative to history. In Euro Area, an update on credit and money supply due. And in US, S&P Case Shiller house prices to continue seeing robust growth circa 5.0%yr.
FOMC Vice Chair Fischer to speak on “Why Study Economics?”"
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