Danske Daily - 10 August 2016
Danske Markets | Aug 10, 2016 06:50AM ET
While the majors calendar is very light, today marks the first of two 'Scandi inflation' days. Focus will in particular turn to the inflation print in Norway where we expect another core measure print above Norges Bank's forecast. Yet, even if proven right, we still expect another rate cut in September. In Denmark we expect the summer fuel price drop to have outweighed base effects, leading to a 0.1pp drop in the yearly inflation rate. Finally, the monthly release of Prospera inflation expectations in Sweden will give further information to the Riksbank about the effectiveness of monetary policy ahead of the July inflation print due tomorrow.
In the UK, the Bank of England (BoE) will release a statement in which the central bank will "announce its response to the shortfall" for yesterday's bond purchase operation.
In the Eurozone, industrial production in France, Finland, Slovakia and Slovenia could give indications of the aggregate production print which is due on Friday.
In line with consensus expectations and market pricing, we expect the Reserve Bank of New Zealand to cut the cash rate by 25bp to 2.00%.
To read the entire report Please click on the pdf File Below
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.