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OPEC: We await the US to get back to their desks - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank explained that for today eyes will be on how US markets react to the OPEC decision and expanded on the data front.

Key Quotes:

“In Germany there are also retail sales, which will be traditionally prudent instead (expected +1.7% YoY), and Europe sees unemployment (consensus unchanged at 11.5%) and the advance CPI estimate, which is seen dipping to just 0.3% YoY – and this before the impact of even cheaper oil hits the economy – and even core CPI is seen at just 0.7%”.

“India sees Q3 GDP, which despit Modinomics is expected to decline to 5.1% YoY from 5.7% in Q2. However, prospects going forward remain bright – especially as India is smiling as both oil and borrowing costs plunge, while INR remains fairly solid around the 61.50 – 62.0 level”.

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