US presidential election campaign intensifies – Danske Bank
|Research Team at Danske Bank, suggests that although there are several important data releases from the Fed and the ECB due this week, today is set to be a rather quiet day with the US presidential election campaign likely to remain focus for the day.
Key Quotes
“Today, the US presidential election campaign intensifies as Hillary Clinton and Donald Trump meet in the first of three TV debates. While most polls still have Clinton in the lead, the gap between the two has narrowed and the election is now a much closer race than expected a month ago. We think markets will begin to focus more on US politics as Election Day draws nearer and we could see some market reaction, especially if Donald Trump continues gaining momentum.
The ECB's Mario Draghi is due to speak in the EU Parliament at 16:00. We do not expect much news, as we still await the assessment of the QE programme at one of the later ECB meetings.
German Ifo business expectations are due out today. We believe they will increase although the disappointing service PMIs will drag on the Ifo expectations through the retail component.
We have two Fed speeches due today and we will listen to any thoughts they have on monetary policy after the FOMC was quite divided at last week's meeting.”
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