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Weekly Focus – It’s Showtime for the ECB

Sep 06 19, 14:28 GMT

Market movers ahead

In the euro area, the highlight is the ECB meeting, where the unveiling of the long-awaited stimulus package is set to take place.
In the UK, focus remains on Brexit and the timing of a potential snap election.
Apart from headlines about the upcoming trade talks, we will also be looking out for Chinese credit and money growth data.
As the Fed’s blackout period starts, we expect a quiet week in the US apart from CPI core figures for August.
In the Scandi countries, we expect markets to keep a close eye on Swedish and Danish inflation figures for August, as well as on Norges Bank’s latest regional network survey.

Weekly wrap-up

A dramatic Brexit week concluded with the risk of a no-deal Brexit subsiding slightly (see Brexit Monitor – Election may lead us to the Brexit end game (but not necessarily) , 6 September).
Risk sentiment in the markets got a boost from news that China and the US are resuming trade talks.
The US economy is growing at two difference paces, taking US yields higher.
In Germany, we think a wait-and-see attitude on expansionary fiscal policy will prevail (see Research Germany – Loosening the brake , 5 September).

Full report in PDF.

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