New research from Danske BankMarket movers today
In the US, markets are closed due to Labour Day.
In Denmark, we are due to get FX reserves data for August, which we believe is likely to show that Danmarks Nationalbank has not intervened in the FX market.
In the euro area, the Sentix investor confidence is due for release. Tension concerning North Korea is still seeing spill overs to the financial markets, while the recent EUR strength might also have weighed on investor confidence. We estimate Sentix fell to 26.9 in August.
The most important event this week is the ECB meeting. We do not expect any announcement on QE at this meeting, as the ECB has hinted that it needs more time to discuss it. Instead, the focus is likely to be on how big a problem the current pace of euro appreciation is for the ECB. See ECB Preview: Dovish stance due to strong euro , 1 September.