This morning, the ECB’s consumer expectations survey will be closely watched as a gauge of Eurozone inflation. In September, the eurozone’s actual inflation rate fell to 4.3%.
In the United States, the spotlight will be on the FOMC minutes from the September policy meeting, during which the Fed paused but hinted the possibility of another raise in Q4. In addition, the most recent producer price inflation data will be issued ahead of tomorrow’s CPI inflation report.
The UK highlight is monthly GDP for August which will be released early Thursday morning. key component of GDP is industrial production, which is expected to shrink by 0.1%. Overall, we predict the economy to increase by 0.1% quarter on quarter in Q3, indicating that growth is slowing but not declining.
Several Fed and ECB speakers are scheduled to talk today, and they may provide more up-to-date evaluations of the economy.