Take Five: World markets themes for the
week ahead
– Reuters
Summer is over * Pound and Brexit * US jobs
report * Italian politics * After Argentina?
Key events in developed markets next week – ING
A decisive week for UK politics as British
lawmakers return from their summer recess and race against the clock before
parliament is suspended. Midweek, all eyes will be on the Canadian and Swedish
central banks, as both are expected to remain on hold but with a softer tone
compared to previous meetings as trade tensions grow
EcoWeek – BNP
PARIBAS
Asset prices can play a useful role when
assessing the economic outlook. The big drop in treasury yields during August
has raised concern although a nowcast points to satisfactory third quarter growth
in the US. This would mean that increased uncertainty about the trade dispute
has caused a flight to safe havens and a decline in long term interest rates. Swings
in the communication about the trade dispute cause swings in investor uncertainty
and hence in risk premiums. This reduces the signal quality of asset prices,
which may end up weighing on the real economy
Week Ahead – Scotiabank
Week Ahead – Nordea
The recession blame game has begun * Dudley
ready to fight Trump via Fed policy * The dovish fire is burning under the
Riksbank’s feet
Weekly Focus – Danske
Bank
September is a key month for central bank
policies * Thursday: Sweden Riksbank meeting, US ISM * Friday: Euro area GDP
Macro Weekly – ABN AMRO
US-China tit for tat continues,
complicating a deal any time soon * Is it China? Is it the Fed? No, this is
‘the Trump slump’ * Supply chains start shifting as US-China trade collapses * German
confidence takes a hit, but government has fiscal space to cope * Trump slump
causes commotion about what independence really means
Weekly Market Comment – Marc
Chandler