Fed’s dovish stance and balance sheet re-expansion likely to weigh on dollar in months ahead, says Scotiabank
Australian bonds slump after U.S.-China trade tension disturbs investors once again; Sep labour report disappoints
EM Asian currencies likely to prop up as U.S. and China remain on track to reach a partial trade deal, says Scotiabank
U.K. headline inflation remains unchanged at 1.7 pct in September, likely to stay below 2 pct in near-term
Australia’s rise in September employment remains smallest in seven months; jobless rate likely to drift higher in near-term
Australian bonds flat in muted session after market sentiments improve following breakthrough Brexit deal
Swedish jobless rate remains unchanged at 7.4 pct in September, wage growth unlikely to pick up soon
China likely to maintain full year growth at 6.0 pct in 2019, unless GDP growth falls below 5.5 pct y/y in Q4, says ANZ Research
Euro area flash consumer confidence index rises in September
Consumer sentiment in the euro area rises again. Today’ figures of the European Commission’s flash euro area consumer confidence index implied that sentiment was a bit rebounded in September. The index rose by 0.6 points to a four-month high of -6.5. This indicator has effectively oscillated around a sideways trend since February.
In the prior month, the index had dropped by a larger-than-expected 0.5 points. Given persisting uncertainties regarding the economic outlook and geopolitical risks, consumer confidence is unlikely to break out of its recent range for a while, noted Daiwa Capital Market Research in a report.
“And, in line with the recent pattern, we expect the index to fall back to -7.0 or below next month. And while today's reading left the quarterly average in Q3 at the highest since Q418, we do not expect an acceleration in private consumption this quarter from the 0.2 percent Q/Q rate recorded in Q2”, added Daiwa Capital Market Research.