Sweden: Wanted: more US hands

Market Movers ahead

  • We look for more stabilisation in the Euro Flash PMI released on Friday.

  • On the trade war front, we wait to see whether the US and China re-enter talks or whether Donald Trump implements of a 25% tariff on another USD200bn of imports from China.

  • Brexit is set to be in focus as EU leaders meet for an informal Summit in Austria on Thursday-Friday.

  • The Fed enters the blackout period ahead of the FOMC meeting on 26 September.

  • In Scandinavia, focus turns to the Norges Bank meeting, where we look for the first hike for more than seven years. Minutes from the recent Riksbank meeting will also be scrutinised.

 

Global macro and market themes

  • The tight US labour market is a rising risk to growth.

  • The US-China trade war is set to escalate further before a deal is reached.

  • Emerging market assets are cheaper but there are still short-term risks.

 

Download The Full Weekly Focus

This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.