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Euro car registrations rise for first time in 2020

Chris Scicluna
Emily Nicol
  • While Johnson might well seek a pause in negotiations for reflection, he seems unlikely to commit fully to no deal and should leave the door open to further negotiations.
  • Euro area car registrations rise for the first time this year

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RBA's Lowe hints at more easing as unemployment rises

Chris Scicluna
  • Japan’s services activity rebounds less than expected in August, but July revised up
  • China’s inflation declines further than market consensus in September
  • RBA’s Lowe says won’t hike until actual inflation at target and moots buying long bonds as unemployment rises
  • EU Summit won’t trigger a post-Brexit trade deal, but UK won’t walk away either

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Japan's IP nudged lower in August

Chris Scicluna
  • Japan’s IP growth in August revised down but on track for firm Q3 rebound.
  • Australian consumer confidence rises to highest level since July 2018.
  • Euro area IP data to confirm moderation in growth as gap with pre-lockdown level narrows.
  • Von der Leyen and Johnson to meet ahead of EU summit 

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China's trade surplus narrows as imports jump

Chris Scicluna
  • China’s trade surplus narrows in September as imports rebound strongly.
  • UK payrolls up slightly but redundancies up at record rate too.
  • Australia’s consumer confidence index rises to highest level since late May.

 

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Dovish ECB-speak continues

Chris Scicluna
  • Equities rise strongly in China following PBoC move to help slow yuan appreciation.
  • Japan’s core machinery orders steady in August, still down over 15%Y/Y.
  • The ECB maintains its dovish commentary with Lagarde set to speak publicly today.

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