Weekly Market Review – ZH
Trade
Tantrums & Trump Turmoil Spark Best Quarter For US Stocks In 5 Years
What Happened This Week in the World Economy – BB
Fed
hikes interest rates, U.S. and China step up tariffs
Take Five: World
markets themes for the week ahead – Reuters
EcoWeek – BNP
PARIBAS
Fed
chairman Jerome Powell made important comments during his press conference.
Fiscal policy is on an unsustainable path and lasting widespread tariffs would
be bad for the US and the world. Monetary policy remains accommodative and
data-dependent. Markets liked the dovish bias in the message.
Week Ahead: “Powell-put”
is far out of the money – Nordea
Vigorous
inflation pressure is on its way in the Euro area, at least according to Mr
Draghi. Jerome Powell on the other hand kept 10yr treasury yields from breaking
3.11%, while he continues to warn that the Fed put is deeply out of the money.
Weekly Focus:
Crucial week for European Politics – Danske
Bank
US: Payrolls are
likely to show healthy gains along with another uptick in wage growth * Europe: Italian budget projections will
continue to be a theme for financial markets as well as the reaction from the
EU commission and rating agencies * UK: Conservative Party Conference beginning
on Sunday and lasting until Wednesday will be critical for the outlook of
Brexit negotiations with the EU * Asia: Downside
risks to China’s PMI for September in light of the trade war with the US, while
Japan may see a small rebound in business confidence. Sweden: government formation talks will be watched
along with the PMI survey, which should post a modest rebound.
Strategy: Central
banks still key actors for markets – Danske
Bank
Market
participants are not waiting for the first ECB hike to actually arrive before
reacting * The next big move in EUR/USD is up, when the first ECB hike draws
closer. We forecast 1.25 in 12M. * The US economy is in great shape despite
trade war concerns supporting the case for further Fed rate hikes and higher US
Treasury yields.
Global Week Ahead – Scotiabank
Weekly Market
Outlook
– Moody’s
Profits
Determine Effect of High Corporate Debt to GDP Ratio
Macro Weekly – ABN
AMRO
The
US economy is still producing solid growth and modest inflation * Confidence in
the eurozone continues to weaken * Italy’s budget disappoints, but does it
justify a huge sell off? * The Fed sticks to its plan
Weekly Market
Comment
– Marc
Chandler
Fed
and Italy Lift Dollar Tone
Weekly Macro
Comment
– Marc
Chandler
Four
events stand out in the first week of October:
the situation in Italy, UK Prime Minister May's speech at the Tory Party
Conference, the EMU PMI, and the US jobs data
FX Weekly – Nordea
A
stronger USD, while EUR/CHF is trading higher. To us, that is a sign that it’s
not Italy that has driven EUR/USD lower, rather it is the year-end once again
showing its “ugly face”. The USD year-end effect is another reason to be long
NOK/SEK.
G10 FX week ahead:
Messy European politics strikes back – ING
In
a politically charged FX world, expect price action in the upcoming week to be
dominated by European politics - with both the Italian fiscal budget and Brexit
noise at the Tory party conference providing headline risks to both EUR and
GBP. European currencies look set to underperform traditional havens (USD, JPY,
CHF) in the G10 FX space next week