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US: Multitude of data sets to steal the limelight – TDS

FXStreet (Delhi) – Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, suggests that the US employment cost index is forecast to accelerate to +0.8% (mkt +0.6%) in Q3, reinforcing the stability in underlying inflation.

Key Quotes

“The market will also be focused on the Chicago PMI for October (expected to increase to 49.5 from 48.7) and the revised print for the University of Michigan measure of consumer confidence which is forecast to have increased to 92.5 from 92.1.”

“Note that personal income and spending for September will also be released, though the information released here will have been incorporated in the Q3 GDP report. Scheduled remarks from Fed officials are not expected to touch on policy.”

US: Rebound in wage growth likely – Danske Bank

Research Team at Danske Bank, suggests that Fed's preferred measure for wages, the employment cost index, for Q3 will be published today and the consensus is looking for a rebound in wage growth to 0.6% q/q after the dip to 0.2% in Q2.
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EUR: Constructive on CEE markets post ECB - SocGen

Research Team at Societe Generale, suggests that amid the speculation of decisive ECB action as early as December, we remain constructive on selected CEE markets due to relatively tighter correlation to EUR rates, more policy room, benign fundamentals and better backstops to fend off headwinds to risk sentiment.
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