External broker reports(aggregated public sources), Nordea

Nordea

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>Yesterday’s Reuters story on the ECB going below neutral added some downward pressure (read ithere).</li><li>It follows more dovish commentary from various ECB speakers over the past few days airing concerns about the lack of a recovery.</li><li>Today’s PMIs were more or less in line with expectations, although the employment component dropped below 50, pointing to the risk of rising unemployment ahead.</li></ul><p><em>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.</em></p>

Yesterday’s Reuters story on the ECB going below neutral added some downward pressure (read ithere).It follows more dovish commentary from various ECB speakers over the past few days airing concerns about the lack of a recovery.Today’s PMIs were more or less in line with expectations, although the employment component dropped below 50, pointing to the risk of rising unemployment ahead.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.

EURO/US DOLLAR

EUR rates: 50bp Dec rate cut risk