Market Movers
Euro money supply and bank lending figures are due for release. The progress seen in these figures might suggest a small upside risk to economic growth in H2. This could follow if higher bank lending was to result in more business investment but, with the recent emerging markets' turmoil, we see a higher downside risk from a spill-over to euro area sentiment.
In the US, the final release of University of Michigan consumer sentiment is likely to show somewhat better levels in the last weeks of September compared to the flash estimate, which declined to 85.7 in September from 91.9 in August.
In terms of central-bank speeches, there are again comments from Fed members on the agenda as both Bullard and George are scheduled to speak about monetary policy. Bundesbank President Weidmann will also hold a press conference but as seen earlier this week his hawkish comments should not surprise markets.
For more on Scandi markets, see page 2.
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