Market movers ahead
The release of minutes from the 16-17 September FOMC meeting will cast more light on the decision to keep its 'considerable time' forward guidance.
Both PMI and IFO declined in August and we expect German industrial production to decline by -0.4% m/m.
We expect the Bank of England to keep both its interest rates and its asset purchase target unchanged.
The statement from next week's Bank of Japan meeting will probably downgrade the view on the economy slightly but it will maintain that the economy continues to recover as a trend.
Core inflation in Norway is expected to come out at 2.7% y/y.
Global macro and market themes
EM assets take a dive - EM assets tend to get vulnerable every time China slows down and Fed hikes move to the agenda.
Softer US data will add to fragile picture of the global economy.
QE from the ECB is not on table short term but will still be in play in 2015.
EUR/USD heading lower still.
To Read the Entire Report Please Click on the pdf File Below