FOMC Minutes and Eurozone industrial production amongst market movers – Danske Bank

Research Team at Danske Bank, suggests that the FOMC Minutes and Eurozone industrial production will be amongst the market movers for the day.

Key Quotes

“In the US today, the FOMC minutes from the September meeting are due out. The committee looked very divided at the September meeting with three members voting for an instant hike and three members signalling no hikes in 2016 at all (ten members are signalling one hike). Hence, it will be important to see the discussion they had.

Industrial production for August for the euro area is due to be released today. Industrial production saw a large monthly drop of 1.1% in July, led mainly by very weak German industrial production. We expect industrial production to rebound in line with the strong German figures. The recent manufacturing PMIs have also pointed towards an improving manufacturing sector, so we expect industrial production to remain solid in Q3.”