๐จ GGMA Macro Roadmap: Riksbank, Euro-Area Inflation, ISM and ADP
Economists expect Sweden's Riksbank to lift its policy rate to 2.00% at 09:30 CET, its first hike since 2023, and its guidance for December could move the krona.
Annual euro-area inflation is expected to rise to 4.0% from 3.8% at 11:00 CET, above the ECB's projected peak of 3.6%, with money markets pricing in an 87% chance of a December hike.
In the US, ADP payrolls at 14:15 CET and the ISM services survey at 16:00 CET test the 77% chance of a Fed hike in December.
Also on the calendar: The final services PMIs are out from 09:55 CET, the US trade balance and the Treasury's refunding plans follow at 14:30 CET, and Brazil's central bank decides at 22:30 CET. Uber and McDonald's report before the US open, Qualcomm and Arm after the close.
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