The Bank of England announced a plan to conduct temporary purchases of longer-dated gilts “to restore orderly market conditions.” The announcement gave a brief boost to the pound, but the move was retraced entirely.
Germany is extending the operating life of two nuclear plants to reduce the risk of a winter energy shortage. European Central Bank policymaker Kazimir said that a 75-bps hike would be a good option for the October meeting while policymakers Rehn and Holzmann also spoke positively about a 75-bps hike.
Germany’s October GfK Consumer Climate -42.5 (expected -39.0; last -36.8)
France’s September Consumer Confidence 79 (expected 80; last 82)
Italy’s July Industrial Sales -0.1% m/m (last -0.4%); 16.3% yr/yr (last 17.9%). September Consumer Confidence 94.8 (expected 95.1; last 98.3) and Business Confidence 101.3 (expected 102.1; last 104.0)
Swiss September ZEW Expectations -69.2 (last -56.3)
- This reply was modified 2 months, 1 week ago by Truman.