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Market Focus Remains On Scottish Independence Polls

Published 09/11/2014, 02:28 AM
Updated 05/14/2017, 06:45 AM

Market movers today

A light data calendar again. Focus will continue to be on polls in connection with the independence vote in Scotland next week and the sustainability of the ceasefire in eastern Ukraine.

In the euro area the final German and French CPIs are unlikely to generate much excitement. In the US keep an eye on the weekly initial unemployment claims that at current levels around 300K suggest a strong labour market.

ECB president Mario Draghi will speak about 'achieving an effective economic and monetary union' in connection with the Eurofi Forum on 're-launching growth in the EU'. Draghi's subject probably means that he will focus on institutional issues and have little to say about technical issues in the ECB's ABS and covered bond programme.

In Scandinavia, focus will be on Swedish CPI and employment data.

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