Danske Daily - 26 July 2016
Danske Markets | Jul 26, 2016 05:39AM ET
Today's calendar is dominated by US releases as Markit Service, Composite PMIs, new home sales and Conference Board consumer confidence data are all due out. Market focus will in particular be on whether US consumers can weather Brexit concerns given the preliminary July drop in the University of Michigan's (UoM) consumer sentiment was explained largely by the UK's vote (see UoM's explanation Flash Comment: FOMC preview , 26 July).
In the Scandies, the calendar is very thin although the PPI release in Sweden will give more insight into the cost dynamics facing Swedish producers.
In line with consensus, we expect the Hungarian National Bank to keep the base rate unchanged at 0.90% at todays monetary policy meeting.
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