US PCE inflation amongst market movers – Danske Bank

Analysts at Danske Bank suggest that today is relatively quiet in terms of scheduled data releases in an otherwise busy week with the US PCE core inflation in focus.

Key Quotes

“We will get US PCE core, where we expect 1.90% y/y - a number that will fit nicely with the Fed's narrative of hiking in December.”

“The UK budget will also draw attention as PM May's supporting party DUP has previously threatened to vote it down.”

“This week, the main events include Bank of Japan and Bank of England meetings. We also have the US jobs report, euro area GDP and inflation data as well as the Italian budget negotiations.”