- EU finance ministers increased sanctions against Russia as much as was expected (broadening the personal sanctions) while holding out the threat of additional measures in finance and arms deals.
- The UK has a speech from Bank of England governor Carney, and the minutes of the last monetary policy committee. The latter are more important than the former, with our expectation for a November rate hike.
- Australian headline inflation was largely as expected, but the "trimmed mean" measure (closely watched as a guide to policy) was higher than expected. This should strengthen the resolve of the Reserve Bank to leave rates on hold.
- The European calendar is very quiet - French business confidence and flash Euro consumer confidence are not really that exciting. At least the Euro area has something. The US macro calendar is a desolate wasteland, leaving markets at the mercy of corporate results.
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