Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Friday throws up plenty of data for market observers, with the German Ifo survey and the UK CBI distributive trades data the stand outs.
The Ifo survey, due at 0900BST, will likely see a modest downturn from 99.4 in August to 98.9. However, there is a downside risk of a lower reading following the weaker-than-expected flash PMI data.
Italian consumer and business confidence are expected at the same time, with both seen modestly lower. Consumer confidence is expected to slip to 116.2 to 115.8.
The CBI distributive trades survey will be published at 1100BST, with sales expected to slow from August's 60. The other business survey expected Friday is the BNB monthly survey, expected to show a decline from 7.6 to 6.8.
There are a host of central bank speakers Friday. ECB Executive Board members Philip Lane and Frank Elderson speak, as does BOE MPC member Silvana Tenreyro. Fed speakers include Chairman Powell and Governors Clarida and Bowman. Cleveland Fed President Loretta Mester and Kansas City Fed's Esther George also speak.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.