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This Week In Credit: Optimism Amid Uncertainty (Sept. 4, 2023)

Services Purchasing Managers Index data for several European countries, and German trade and industrial production data, should shed light on the eurozone's growth outlook. This follows comments from the European Central Bank's executive board regarding a potential downward revision of their economic outlook, which created doubt about a September rate hike, despite continued strong consumer price growth. Meanwhile, after a mixed U.S jobs report on Friday, the market is currently pricing in no September rate change by the Federal Reserve. This week's central bank activity will mainly come from the Asia-Pacific region, with meetings of the Reserve Bank of Australia (Tuesday) and People's Bank of China (Wednesday).