Weekly Focus: Moment of Truth Approaching for the Riksbank

Market Movers ahead

• The hearing period for the planned US tariffs on USD200bn worth of Chinese imports is ending, and an announcement of the tariffs is likely to follow.
• The US job report is expected to show steady wage growth and rebounding employment.
• Brexit will return to centre stage as the House of Commons returns from summer holiday.
• Sweden’s election is likely to result in a frail p olitical situation, but before that, it is a close call as to whether the Riksbank will maintain its expectation of a rate hike this year at its upcoming policy meeting.

Global macro and market themes

• Italy trading out of line compared with peers according to rating.
• NAFTA revamp close to being concluded.
• EM continues to struggle.
• No frontrunner to replace Draghi

Full Report in PDF