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

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.

UK

  • 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.

US

  • 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.

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