HomeContributorsFundamental AnalysisWeekly Focus: ECB, Riksbank and Norges Bank Meetings Coming Up

Weekly Focus: ECB, Riksbank and Norges Bank Meetings Coming Up

Market Movers ahead

  • In the euro area, we expect the ECB to announce a QE extension by nine months at a pace of EUR30bn. Apart from a scaling down of QE purchases, we do not expect the ECB to make any changes to its forward guidance at the upcoming meeting. For more, see ECB Preview: Ready to scale back QE, 18 October 2017.
  • We do not expect changes to the Swedish repo rate forecast when the Riksbank meets.
  • In Norway, we expect Norges Bank to stay on hold as it is one of the intermediate meetings without a Monetary Policy Report and a press conference.
  • The Chinese 19th Congress of the Communist Party continues and the new Standing Committee (SC) of the Politburo is presented on Wednesday.
  • The first estimates of Q3 GDP growth are due out in both the UK and US next week.

Global macro and market themes

  • Risk assets are supported by a long list of favourable factors – not least strong profit growth and cautious central banks.
  • A moderate slowdown in China will cause some headwind for EM assets but should not derail the global recovery.
  • Bond yields and EUR/USD are set to stay range bound in the short term.

Full Report in PDF

Danske Bank
Danske Bankhttp://www.danskebank.com/danskeresearch
This publication has been prepared by Danske Markets 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 Markets´ 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 Markets is a division of Danske Bank A/S, which is regulated by 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.

Featured Analysis

Learn Forex Trading