ECBs Villeroy: ECB is achieving a soft landing

ECBs Villeroy is weighing in after weaker data today: ECB is achieving a soft landing Not behind the curve today Will pay close atttention to risk of undershooting target, keeping economic activity unnecessarily subdued. See continuity of resilence of growth The PMI flash data today were soft (is that a soft landing). Each missed expectations to the downside that…

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Newsquawk Week Ahead: US PCE, FOMC Minutes, RBNZ rate decision, EZ HICP, and Aussie CPI

Mon: German Ifo (Nov), US National Activity Index (Oct) Tue: FOMC Minutes (Nov); US New Home Sales (Oct), Richmond Fed (Nov) Wed: RBNZ Policy Announcement; Australian CPI (Oct), German GfK (Dec), US GDP 2nd (Q3), PCE Prices Prelim. (Q3), PCE Price Index (Oct), Initial Jobless Claims (23rd Nov), Durable Goods (Oct) Thu: US Holiday: Thanksgiving. CBRT Minutes (Nov); EZ…

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ECBs Nagel (Hawk): PMI data confirms that Germany is stagnating

ECB Nagel is on the wires saying” PMI data confirm that Germany is stagnating and start of next year will be complicated Need to wait for next projections before discussing rate capsize. We are on the right track Nagel is considered more of a hawk. The EURUSD fell sharply earlier today off of the weaker than expected PMI data,…

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Weekly Market Outlook (25-29 November)

UPCOMING EVENTS: Monday: PBoC MLF, German IFO. Tuesday: US Consumer Confidence, FOMC Minutes. Wednesday: Australia Monthly CPI, RBNZ Policy Decision, US Q3 GDP 2nd Estimate, US PCE, US Durable Goods, US Jobless Claims. Thursday: German CPI. (US Holiday) Friday: Tokyo CPI, Japan Unemployment Rate, France CPI, Switzerland Q3 GDP, Eurozone CPI, Canada GDP. Tuesday The US Consumer Confidence is…

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