Sweden: Recession fears abating on softer Fed talk

Market movers ahead

  • The US government shutdown continues. Look out for more negotiations.

  • US regional surveys from Philadelphia and New York (Empire) should give more clues to how much manufacturing is slowing down.

  • In the UK, the House of Commons will vote on Theresa May's Brexit deal on Tuesday. We expect the House to vote it down.

  • We expect Chinese money and credit data to show how much the monetary easing is feeding through to the economy.

  • In Scandinavia, focus turns to Swedish inflation numbers and house price statistics.


Weekly wrap-up

  • US recession fears abated somewhat, as the Fed struck a more dovish tone and job growth is solid.

  • Risk sentiment improved with equities gaining and bond yields and oil prices moving higher.

  • US and China concluded another round of talks in Beijing this week. Negotiations continue according to plan and the top negotiators on both sides plan to meet later this month.

  • Theresa May suffered another heavy defeat on Brexit. Uncertainty prevails.

  • A softer tone from the Fed weakened the USD.


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