External broker reports(aggregated public sources), ABN AMRO

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External broker reports(aggregated public sources)

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Macroeconomics

<div data-component-type="rich-text"><ul><li>The manufacturing industry again reduced production and purchasing. </li><li>Employment is also falling; Many companies have not renewed temporary contracts.</li><li>In recent months, the Nevi Dutch Manufacturing PMI has already shown that the recovery of the second quarter will not continue this autumn. </li></ul></div>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The manufacturing industry again reduced production and purchasing. Employment is also falling; Many companies have not renewed temporary contracts.In recent months, the Nevi Dutch Manufacturing PMI has already shown that the recovery of the second quarter will not continue this autumn. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dutch manufacturing industry sees demand drop sharply

<div data-component-type="rich-text">United States – The upcoming week is dominated by the US presidential election, whose outcome is likely to have an immediate effect on various markets. In the shadows of the election, Thursday will see the conclusion of the Fed meeting, in which we expect the FOMC to decrease the policy rate by 25bps. Finally, on Tuesday the ISM services index is likely to drop back a bit relative to last month's surprisingly large increase.</div><div data-component-type="rich-text">Eurozone – A number of ECB officials are due to speak, and markets will be watching closely for hints on the outlook for rate cuts following the upside surprise in GDP. <a href="https://www.abnamro.com/research/en/our-research/eurozone-growth-surprise-eases-pressure-on-ecb-to-increase-rate-cut-pace" target="_blank" data-element-label="The data" data-element-type="textlink" data-element-target="https://www.abnamro.com/research/en/our-research/eurozone-growth-surprise-eases-pressure-on-ecb-to-increase-rate-cut-pace" data-v-bb3305c1="" rel="noopener">The data</a> supports our view that the ECB will stick to a 25bp pace, and further lowers the chance of a 50bp cut in December.</div>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

United States – The upcoming week is dominated by the US presidential election, whose outcome is likely to have an immediate effect on various markets. In the shadows of the election, Thursday will see the conclusion of the Fed meeting, in which we expect the FOMC to decrease the policy rate by 25bps. Finally, on Tuesday the ISM services index is likely to drop back a bit relative to last month's surprisingly large increase.Eurozone – A number of ECB officials are due to speak, and markets will be watching closely for hints on the outlook for rate cuts following the upside surprise in GDP. The data supports our view that the ECB will stick to a 25bp pace, and further lowers the chance of a 50bp cut in December.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>The US economy continues its trajectory of solid expansion, with Q3 GDP growth coming in as expected at an annualized 2.8% (2.9% consensus).</li><li>Growth was predominantly supported by strong consumption (3.7%, 3.3% consensus), and government spending (5.0%).</li><li>Investment grinded to a halt, consistent with previous election cycles (1). Net exports subtracted 0.6%. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The US economy continues its trajectory of solid expansion, with Q3 GDP growth coming in as expected at an annualized 2.8% (2.9% consensus).Growth was predominantly supported by strong consumption (3.7%, 3.3% consensus), and government spending (5.0%).Investment grinded to a halt, consistent with previous election cycles (1). Net exports subtracted 0.6%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

US Watch - Robust Q3 Growth Driven by Strong Consumption

<ul><li>The EU-ETS is the flagship climate policy driving the transition of high emission sectors in the EU</li><li>There are several drivers affecting the European Union Allowance (EUA ) price both in the short and long term</li><li>We use our in-house data driven model to sketch the outlook for EUA prices for this winter under a baseline, upside and downside carbon price scenarios</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The EU-ETS is the flagship climate policy driving the transition of high emission sectors in the EUThere are several drivers affecting the European Union Allowance (EUA ) price both in the short and long termWe use our in-house data driven model to sketch the outlook for EUA prices for this winter under a baseline, upside and downside carbon price scenariosContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ESG Economist - Where are carbon prices heading this winter?

<ul><li>The eurozone economic recovery is running out of steam, in part because of weak domestic demand.</li><li>Labour demand is softening, especially in Germany, while the overall labour market remains resilient.</li><li>Inflation fell sharply to 1.7% y/y in September, but elevated services remains a concern for the ECB. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The eurozone economic recovery is running out of steam, in part because of weak domestic demand.Labour demand is softening, especially in Germany, while the overall labour market remains resilient.Inflation fell sharply to 1.7% y/y in September, but elevated services remains a concern for the ECB. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eurozone - Subdued Recovery Is Increasingly Shaping ECB Policy

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External broker reports(aggregated public sources)

Dutch manufacturing industry sees demand drop sharply

The manufacturing industry again reduced production and purchasing. Employment is also falling; Many companies have not renewed temporary contracts.

ABN AMRO

The week ahead - 4 - 8 November 2024

The upcoming week is dominated by the US presidential election, whose outcome is likely to have an immediate effect on various markets.

ABN AMRO

US Watch - Robust Q3 Growth Driven by Strong Consumption

The US economy continues its trajectory of solid expansion, with Q3 GDP growth coming in as expected at an annualized 2.8% (2.9% consensus).

ABN AMRO

ESG Economist - Where are carbon prices heading this winter?

The EU-ETS is the flagship climate policy driving the transition of high emission sectors in the EU. There are several drivers affecting the...

ABN AMRO

Eurozone - Subdued Recovery Is Increasingly Shaping ECB Policy

The eurozone economic recovery is running out of steam, in part because of weak domestic demand. Labour demand is softening, especially in Germany,...

ABN AMRO