Non-farm payrolls shake up markets, here are the top 3 scenarios of what could happen.
Reuters published the latest opinion polls on the ECB and 50 out of 52 economists expected that ECB to announce QE tapering at the October 26 meeting, while 2 indicated that the bank would make the move in December.
The US consumer price index rose by 0.4% in August compared to expectations of a 0.3% rise. On an annualized basis, the index rose by 1.9% from 1.7% and better than the expectations of 1.8% rise.
Jazbec, governor of the Central Bank of Slovenia and member of the Board of Governors of ECB, made the following statement:
Inflation expectations among consumers in Australia fell for the second month in a row in September, with the Melbourne Institute index falling to 3.8%, after recording 4.2% last month. This monthly indicator is monitored closely because inflation expectations tend to influence actual price growth.
The Swiss National Bank (SNB) decided to keep interest rates unchanged at -0.75% at its meeting today. The following are the highlights of the monetary policy statement:
The US PPI rose by 0.2% in August, slightly below the market forecast of 0.3%, after falling by 0.1% in July. On an annualized basis, the index rose to 2.4% in August from 1.9%.
The National Australia Bank revised its expectations for the Reserve Bank of Australia's monetary policy and after it had expected a rate cut twice, it now expects the central bank to raise interest rates in August 2018 by 25 basis points, in November 2018 by 25 basis points, as well as a double rate hike in 2019.
Bill Morneau, Canadian Finance Minister, made the following statement:
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