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Trending Economic: Morning Brief [12 October 15]

Fixed Income Markets in U.S. are closed in for Columbus Day, but equities markets are open. Three Fed speakers are due to speak in today: Lockhart, Evans have already made there stance known but Fed Governor Brainard speech will be new news for the financial markets. Last Friday Atlanta Fed President Lockhart suggested that consumer activity is going to be the most important factor for Fed in raising rates.  Hence U.S. retail sales for September on Wednesday would be the most important piece of data along with inflation rate on Thursday.  

Important data week for GBP as UK inflation and unemployment rates come in on Tuesday and Wednesday respectively, expectations are of no change in rate of inflation at zero and Unemployment rate at 5.5%. Any positive surprise on any of these rates will see GBP rally; however no change will see GBP fall.

Last week saw return of strength for the emerging markets as risk sentiments improved, this was also due to a week long holiday in China. China markets have now reopened and important data is due this week: China trade balance, inflation rate and China FDI come in on Tuesday, Wednesday, and Friday respectively.