Market themes of the Day: US consumer confidence is set to increase

Mario Blascak, PhD Independent Analyst

What you need to know before markets open
Main themes:

China’s exports rose 14.5% in USD terms while imports rose 14.3% in September. China's trade surplus with the US hit a record high in September and that could boost fears of a further escalation of the trade war.
German inflation is expected to remain flat at 2.3% y/y in September.
US consumer sentiment is expected to rise to 100.4 in September. For details read Valeria’s Preview here.

Europe

While German inflation is expected to remain flat at 2.3% on the national basis, the harmonized basis are expected to see German inflation at 2.2% y/y in September.
The Eurozone industrial production is seen rising 0.4% m/m in August after falling -0.8% m/m in July.

The Bank of England Governor Mark Carney’s IMF speech did not deliver any economic or monetary policy headlines.
Brexit negotiation behind the curtains heats up before next week’s Brexit summer scheduled for October 17.

The US inflation rose less than expected in September with core inflation staying at 2.2% y/y compared with 2.3% expected while headline US inflation decelerated to 2.3% y/y from August’s 2.7% y/y increase.
The US initial jobless claims reach 214K in the week ending October 5, up from 207K the week before.
US consumer sentiment is expected to rise to 100.4 in September. For details read Valeria’s Preview here.

Author

Mario Blascak, PhD

Independent Analyst

Dr. Mário Bla&scaron;čák worked in professional finance and banking for 15 years before moving to journalism. While working for Austrian and German banks, he specialized in covering markets and macroeconomics.

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