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MNI Global Week Ahead - ECB, UK Data, China Fiscal In Focus

The week ahead is headlined by the ECB decision, UK data and China fiscal speculation.
MNI (LONDON)

Developed Markets

Monday / Thursday - Fed Waller Speech and US September Retail Sales

While Monday is a US holiday for cash bond markets, Fed Governor Waller's speech at 1500ET will garner attention for any updated views on the rate cut outlook. His last public appearance, which came immediately after the September FOMC meeting, was perceived quite dovishly for his seeming openness to another 50bp cut in November were the labor market to worsen or inflation to come in softer than expected. Since then, a strong September nonfarm payrolls report and an upside surprise in September CPI have seen markets price out a 50bp cut, and even put a pause into play - any commentary from Waller about potential a November "skip" will be closely eyed.

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MNI (LONDON)

Developed Markets

Monday / Thursday - Fed Waller Speech and US September Retail Sales

While Monday is a US holiday for cash bond markets, Fed Governor Waller's speech at 1500ET will garner attention for any updated views on the rate cut outlook. His last public appearance, which came immediately after the September FOMC meeting, was perceived quite dovishly for his seeming openness to another 50bp cut in November were the labor market to worsen or inflation to come in softer than expected. Since then, a strong September nonfarm payrolls report and an upside surprise in September CPI have seen markets price out a 50bp cut, and even put a pause into play - any commentary from Waller about potential a November "skip" will be closely eyed.

Keep reading...Show less