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German factory orders slump in August

Emily Nicol
  • BoJ’s quarterly Regional Economic Report maintained the assessment that Japan’s economy is recovering moderately 
  • Given ongoing concerns about the government’s large and unfunded fiscal package, Fitch yesterday revised the outlook on the UK’s AA- credit rating to negative

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Tokyo CPI flags rising price pressures

Emily Nicol
  • Euro area PPI inflation expected to rise to a new series high in August
  • US factory orders data expected to have declined for a second successive month in August

 

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UK politics to remain under the spotlight

Emily Nicol
  • BoJ’s Tankan survey reports a further rise in firms’ inflation expectations
  • Tokyo CPI figures for September due tomorrow, while the latest household consumption and wage data are due on Friday
  • ECB account on Thursday will be watched for the debate between the hawks and doves
  • A busy week for top-tier US releases includes the manufacturing and services ISMs, as well as the employment report on Friday

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UK GDP revised up in Q2

Chris Scicluna
Emily Nicol
  • UK external current account improves in Q2 but deficit remains very large by historical standards
  • French inflation in September undershoots expectations, but Dutch inflation skyrockets
  • Japanese IP beat expectations in August as the impact of easing supply chain disruption eased

 

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ECB hawks restate case for 75bps hike next month

Emily Nicol
Chris Scicluna
  • German inflation likely rose in September to a new high due principally to the expiration of the Summer discounting measures but also the ongoing upwards trend in food prices
  • But Spanish inflation fell back much more than expected due principally to lower electricity prices
  • Commission survey likely to add to evidence of loss of euro area growth momentum at the end of the summer

 

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