It is a very light calendar today in terms of macroeconomic numbers. Focus will be oneuro-area inflation and US initial jobless claims. We expect both numbers to come inmore or less in line with the consensus expectation.
Two monetary policy decisions in the EMEA region today with the Turkish and theSouth African central bank announcing rate decisions. We expect the South AfricanReserve Bank to keep its key policy rate unchanged at 5.5%, while we expect theTurkish central bank to cut by another 50bp to 8.75%. Both in line with consensusexpectations.
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