In view of research team at Danske Bank, market focus today will be on Brexit negotiations ahead of a working dinner kicking off the EU summit over the next two days.
Key Quotes
“In our view, the likelihood of a deal on the withdrawal agreement at the summit remains low. In the UK, CPI inflation will probably slow in September, but given accelerating wage growth and a weaker currency, upside risks to the inflation outlook remain.”
“In the euro area, the final September HICP figures are due out. We do not expect any revisions, but it will be interesting to see whether the downside surprise in core inflation at 0.9% was again due to one-off factors or more permanent headwinds.”
“In the US, the FOMC meeting minutes are on the calendar. The Fed remains on autopilot in terms of hikes, but we will look out for comments on balance sheet reduction plans and what the future monetary policy framework is going to look like.”
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