Market movers today – Danske Bank

Sandeep Kanihama FXStreet Contributor

In view of analysts at Danske Bank, Swedish inflation is in focus today and they expect a new high in y/y terms (2.5% y/y for CPIF), though they expect the y/y rate to moderate in coming months.

Key Quotes

“A relatively high print is probably expected at this point, and rates in the short end of Swedish curves have traded up in anticipation. In Norway, the budget for 2018 is revealed.”

“On the global front, the euro area is due to release industrial production for August. Following a strong German print for August, we should expect a decent increase. If confirmed, it will point to another robust quarter for euro area growth.”

“In the US, PPI and initial jobless claims are due for release. The Fed's Brainard (voter, dovish) and Powell (voter, neutral) are due to speak today.”

“With respect to Brexit, the fifth negotiation round concludes today with a joint press conference. As the EU leaders at the EU summit later next week are likely to conclude there has not been 'sufficient progress' to begin discussing the future relationship, more negotiations are needed in November and early December.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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