The Fed’s Bill Dudley (voter, dove) will speak at 09:30 CET. The speech will beinteresting as Dudley is at the centre of the Board and generally thinks a lot like JanetYellen, both being doves. Plosser yesterday said that the Fed should prepare themarkets for sooner lift-off but Plosser is a super-hawk, so it will be interesting to findout if Dudley sends a similar message. The latest signal from Dudley was that hesupported a hike in mid-2015 and we are keen to hear if he sticks to this view. Thelabour market has been tightening faster than the Fed expected and Yellen has earliersaid that the Fed would move sooner if the job market continues to be stronger thanexpected. Yellen gives opening remarks at a conference tonight.
Speeches from ECB members. German board member Lautenschlaeger speaks at09:00 CET, while Coeure will speak at 14:15 CET.
French inflation for October. We look for a slight upside surprise of 0.5% y/yversus consensus 0.4% y/y. The US initial jobless claims are expected to stay low at280k. US JOLTS data will give more input on the hiring and firing rates of UScompanies.
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