The Week Ahead: A Brexit Showdown, U.S Politics, and Economic Data in Focus

On the Macro

It’s a busy week ahead on the economic calendar, with 68 stats in focus in the week ending 16th October. In the week prior, 53 stats had been in focus.

For the Dollar:

It’s a relatively busy week ahead on the economic data front.

On Monday and Tuesday, September inflation and wholesale inflation figures are due out.

The focus then shifts to manufacturing sector activity and labor market numbers on Thursday.

Expect the Philly FED Manufacturing PMI for October and the weekly initial jobless claims to impact.

At the end of the week, retail sales and industrial production figures are due out, along with October consumer sentiment numbers.

Expect the retail sales and prelim Michigan consumer Sentiment figures to have the greatest impact.

Away from the calendar, the next Presidential debate on 15th October will also provide direction. That is assuming that Trump decides to

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Eurocrats splash out on business class flights to stock EU museum | Politics | News

Brussels plans to fork out on business class flights and hotels for couriers transporting “artefacts” from across the world to the European House of History. The venue in the Belgian capital is home to Brexit-bashing items, such as former Labour Party MEP Seb Dance’s handwritten “He’s lying to you” sign used to taunt Nigel Farage and a UK-EU “always united” scarf worn by Remainers on the UK’s final day of membership. The EU-funded museum, which set taxpayers back £47million, also features anti-EU protest banners and a T-shirt from the official Vote Leave campaign.

Over the next four years, the bloc will spend a further £1.4million fetching relics from across the globe for future exhibitions.

German MEP Nicolaus Fest said: “The EU’s relentless pursuit to establish a common European knows no bounds.

“This is an astonishing waste of taxpayers’ money – it would be much cheaper to relocate the fossils that

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The Latest: Biden says Trump ‘looks down on’ working class | Politics

WASHINGTON (AP) — The Latest on the 2020 presidential campaign (all times local):

6:25 p.m.

Joe Biden is pitching an economic message as he campaigns in Arizona with his running mate Kamala Harris, telling a union crowd that President Donald Trump “looks down on” working Americans.

The Democratic presidential nominee told a masked, socially distanced crowd at a Phoenix area union training facility on Thursday that the country “deserves a president who understands what the American people are going through. Who sees who you are, what you want to be.”

A key part of Biden’s closing argument ahead of the Nov. 3 election is to pitch Trump as only pretending to care about the working-class voters that propelled his 2016 victory.

He blasted the Republican president for walking away from congressional negotiations for a new pandemic relief package and for asking courts to strike down the 2010 Affordable Care Act.

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