Market movers ahead
We expect another solid US employment report with nonfarm payrolls for October of 240,000, above consensus of 225,000.
The ECB should remain on hold, although the pressure from low inflation, weak activity and market turmoil have increased in October.
We expect Swedish industrial production to post a strong rebound in September.
We estimate Norwegian manufacturing production declined in September after a strong increase in August. We estimate Norwegian PMI fell further in October.
The Danish FX reserves may attract some attention due to the strong krone.
Global macro and market themes
The surprise Bank of Japan move gives support to risk assets.
Pressure is rising on the ECB to follow but it will take time for it to act.
The hawkish Fed and dovish Bank of Japan give new fuel to USD/JPY.
Focus turns to the US next week -- ISM to give more clues to US slowing.
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