Euro area finance ministers will review the two candidates to succeed Christine Lagarde as president of the European Central Bank. Heads of state make the final call, and the pick could still change.
Eurogroup finance ministers will take stock of two candidates to replace Lagarde as ECB President this week. Spaniard De Cos and Dutchman Knot were the only two nominated before Friday's deadline.
The Eurogroup does not have the last word. European heads of state will take the official decision later, and it could still end up being another candidate.
A quiet data week with US inflation in focus
Beyond the succession talks, the euro area gets the Sentix investor confidence indicator, the first reading of sentiment in November. In the US, Fed officials Goolsbee and Barkin are due to speak.
Danske Markets describes the week as rather quiet on data releases. The main highlight is US October CPI on Tuesday, and equity investors will watch tech stocks after last Thursday's sell-off.
Strong US jobs data backs a December hike call
Last Friday's US jobs report showed NFP at +165k against a consensus of +65k, with unemployment at 4.1%. Danske says the tighter labour market supports its view for the next rate hike at the December meeting.
Bond markets barely reacted. Global bond yields remained steady on Friday, and the oil price and jitters in the AI market are expected to drive them going forward.
Source: ActionForex
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