Market movers today
● The conflict in Syria continues to be the main focus but military action looks set to be delayed until 9 September. The developments in Emerging Markets will also continue to attract attention.
● In the euro area we will get final manufacturing PMIs today. The figures for Italy and Spain are expected to increase substantially, as the euro flash PMI increased more than suggested by the development in the German and French numbers.
● ECB executive board member Coeure speaks in Berlin at the conference ‘ECB and its OMT programme’ ahead of the ECB meeting later this week.
● US markets are closed for Labor Day ahead of an otherwise busy calendar with ISM manufacturing due to be released tomorrow and the decisive August employment report on Friday.
● In Norway and Sweden manufacturing PMIs are due for release.
Read the full report: FX Daily
Danske Bank