Focus will be on flash estimates for PMIs. In the euro area we expect bothmanufacturing PMI and service PMI to have continued to edge slightly lower inSeptember, as geopolitical uncertainty continues to weigh on sentiment. That said,service PMI is expected to remain relatively resilient above 52 and there are tentativesigns that the soft patch in the manufacturing sector has started to ease.
In the US, on the other hand, we expect the flash estimate for the Markitmanufacturing PMI to have improved further in September despite its already veryhigh level close to 58. This underscores a very strong US economy and the currentsubstantial divergence between the US economy and the rest of the world.
A flood of speeches from FOMC members. St. Luis Fed president James Bullard(hawk, non-voter), Kansas City Fed president Esther George (hawk, non-voter),Minneapolis Fed president Narayana Kocherlakota (dove, voter) and board memberJerome Powell (neutral, voter) are all scheduled to speak. Powell will speak inconnection with a conference on bank supervision and will as usual probably stick tosupervisory topics and be tight-lipped about monetary policy.
Danmarks Nationalbank will present new economic forecasts.
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