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It’s a cautiously optimistic return from a weekend in which a number of fatal attacks took place in Germany and one in the US. Economics-wise, we’re due a central bank update from the Bank of Japan which is likely to apply more of the same stimulus measures on Friday. More pressing will be the US Federal Reserve on Wednesday. No change in policy is expected, but markets will be eager to gauge the vocal tones of Fed officials.
Note Friday also sees the results of European bank stress tests which will be watched closely for any signs of weakness – particularly in the Italian banking system which has been in considerable trouble recently. Will they require re-capitalisation? Any inkling of a forthcoming ECB bailout would surely affect the strength of the Euro on underlying concerns about the health of the Eurozone.
UK Economic Announcements
11:00 CBI Trends
Intl Economic Announcements
09:00 IFO Business Climate (DE)
15:30 Dallas Fed (US)
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UK Economic Announcements
09:30 BBA Home Loans
Intl Economic Announcements
07:00 Import Prices (DE)
14:00 S&P/CS House Prices (US)
14:45 PMI Services (US)
15:00 CB Consumer Confidence, New Home Sales, Richmond Fed (US)
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UK Economic Announcements
09:30 Prelim GDP, Index of Services
11:00 CBI Sales
Intl Economic Announcements
02:30 Industrial Profits, Consumer Confidence (CN)
07:00 GfK Consumer Climate (DE)
13:30 Durable Goods Orders (US)
15:00 Pending Home Sales (US)
19:00 Fed Policy Update (US)
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Int. Economic Announcements
07:00 Retail Sales (DE)
07:45 CPI (FR)
08:55 Unemployment Change (DE)
10:00 Confidence (EZ)
13:30 Unemployment Claims (US)
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Int. Economic Announcements
00:00 BoJ Policy Update (JP)
06:30 GDP (FR)
07:00 Retail Sales (DE)
07:45 Consumer Spending (FR)
08:00 CPI, GDP (ES)
10:00 CPI, GDP, Unemployment (EZ)
13:30 GDP (US)
14:45 Chicago PMI (US)
15:00 Consumer Confidence (US)
Technicals
Technicals
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