FED

Williams: Structural Inequality Stifles Growth

POLICY

MNI REVIEW: Norges Bank On Hold; No Hike Until Econ Normalises

The Norges Bank left policy unchanged, slightly tightening its future policy path, but said no hikes until situation normalizes

MNI INTERVIEW: UK's RPI Replacement Should Not Be Set In Stone

The priority for the UK should be to provide transparent inflation data, rather than assigning set functions to particular series by law, top statistics officials tell MNI.

DATA

MNI DATA IMPACT: US Aug Existing Home Sales Fastest Since 2006

Brisk sales pace should continue through the rest of the year, though large price increases could hinder home ownership rates in the coming months.

POLITICAL RISK

Chancellor's Press Conference Coming Up

Chancellor Rishi Sunak to deliver press conference shortly following the announcement of additional economic support measures announced earlier today as a result of tightened COVID-19 restrictions.

  • Link: https://twitter.com/i/broadcasts/1YpJkNYdwLrGj

FM: Progress Insufficient On Brexit Deal, Fisheries Talks Disappointing

Ireland's Foreign Minister Simon Coveney has stated that there has been 'nowhere near sufficient progress' on an FTA deal between the EU and the UK as the end of the Brexit transition period approaches, saying that both sides remain far apart on an agreement.

  • He adds that talks between the two sides on fisheries have been 'disappointing' so far.
  • As various self-imposed deadlines and the main Dec 31 deadline for the end of the transition period approach, more politicians from member states are likely to become involved in the negotiation process in an attempt to speed up a deal.

PM Johnson: "Things Will Be Tough" - Sky

Sam Coates at Sky News tweets:

  • "Boris Johnson in broadcast interview says he still believes nobody should be penalised for doing the right thing on coronavirus (as Rishi Sunak was announcing measures which will lead to job losses)"
  • "Says hes not with Rishi in the Commons because he's talking about enforcement"
  • "Confirms it's not mandatory to follow isolation instructions in the new England and Wales coronavirus app"
  • "Says The chancellor is being "totally realistic" with people about the prospects of the economy - things will be will be tough"

ECONOMIC DATA CALENDAR AND EVENTS

ImpactCountryDate/timeEventData Points / descriptionforecastprevious

MNI INTERVIEW: Canada Deficit May Reach $450bln, Pressure BOC

MNI (Ottawa)
OTTAWA (MNI)

Ex-budget director Asselin says lack of spending restraint is worrying.

MNI Technical Analysis

POLITICAL RISK HIGHLIGHTS

by Tom Lake

COVID-19 Trends and Developments

  • The United Kingdom registered its highest 24 hour total of new cases on record on September 23, with new 6,178 cases added to the tally, exceeding the previous high of 5,490 new cases recorded on April 22. Chancellor of the Exchequer Rishi Sunak to deliver a statement to the House of Commons later today regarding a new tranche of economic support from the government following the imposition of tighter COVID-19 restrictions coming into force today.
  • The average daily increase in new cases in Spain across the past week to September 23 stands at 11,314 cases per day, the highest seven-day average on record. The total number of cases in Spain has risen by just under 100,000 in the past nine days. PM Pedro Sanchez has raised the prospect of reactivating emergency powers provided to the government earlier in the course of the pandemic in order to enforce the stricter lockdown conditions in the capital, Madrid.
  • Turkey's case total rose 1,767 on September 23, the highest one day increase since May 8. Turkey's case total of 308,069 means it has the 19th highest caseload globally, while the country's death toll from the virus of 7,711 means it has the 22nd highest number of fatalities globally.
Chart 1. COVID-19 Cases and Fatalities, Nominal and % Chg Day-to-Day (5dma)

Source: JHU, MNI. As of 0600BST September 24. N.b. Each dot represents a single day's figures, data for past three months

Full article PDF attached below:

https://emedia.marketnews.com/marketnewsintl/MNI_P...

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