The Fed meets and Trump tweets * Super
Thursday: Japan, Norway, Britain, Switzerland central bank meetings * Trade war
reconciliation and relocation * Brexit battles * Easier monetary policy turns
emerging markets attractive
Key events in developed markets next week – ING
An exciting week ahead in the aftermath of
the ECB meeting with not one but four central bank meetings. Expect the Fed to
steal the spotlight, but the focus will quickly shift to the British, Japanese
and Norwegian central bank meeting on Thursday
Global Week Ahead – Scotiabank
The Federal Reserve’s latest policy
decisions and particularly its refreshed guidance will be the main event by
far. The rest of the week’s line-up of macro reports should offer limited
market risk. Wild card risks include possible clarity toward next steps on Iran
that oil markets will continue to follow closely in the wake of John Bolton’s
departure from the administration. Possible momentum toward an interim deal
with China on trade policy will also be monitored.
Week Ahead – Nordea
Open-ended QE = QE-ternity * The inflation
target is apparently 1.5% in Sweden * Time for Powell to catch up!
Weekly Focus – Danske
Bank
Fed to cut by 25bp without pre-committing
to more cuts * BoJ and BoE not expected to change policy * Low-level trade
talks between the US and China ahead of the formal meeting in early October * UK
Supreme Court hearing on whether PM Boris Johnson's prorogation of Parliament
was unlawful begins (it is not clear whether the ruling will also be on
Tuesday).
Macro Weekly – ABN
AMRO
Divergence in European industry * US and
China back to serious negotiations? * Higher US core inflation largely due to
medical costs * President Trump continues attack of the Fed * ECB eases
China Weekly – Danske
Bank
Trump's tariff delay improves conditions
for October trade talks, but the hurdles to reach a trade deal remain * Chinese
stocks rallied again on easing trade tensions and policy stimulus. USD/CNY
stabilised just above 7.10. We expect it to stay here for some time. * PPI
moves further into deflation territory but does not signal a hard landing. A
cut in the RRR rate signals more efforts to sustain growth at a minimum of
6.0%.