Wednesday, 28 October 2015

Central Bank Rule on Settlement Day

Good morning,

Central bank activity will dominate the headlines today

We have the three central banks making rates decisions, will they all remain unchanged?

08:30 GMT          Swedish Riksbank Rate Decision. Rates expected unchanged at -0.35%
18:00 GMT          US FOMC Expected to keep rates on hold at +0.25%
20:00 GMT          New Zealand RBNZ expected to keep rates on hold at +2.75%


We also have the Swedish Monetary Policy report at 08:30
It is also important to note that there is no press conference following the release from the Fed

Away from central bank activity we have 

07:45 GMT          French Oct Consumer Confidence expected unchanged at 97.0
09:00 GMT          Italian Oct Consumer Confidence. Exp 112.2 after 112.7 previously
                                Italian Oct Business Confidence. Exp 103.9 after 104.2 previously

As it is spot settlement month end I expect it to be a busy day for many reasons.

Have great day

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