European equities gain around 0.5% today
|-
European equities gain around 0.5% today with Spain underperforming as tomorrow's Puigdemont deadline looms. US stock markets opened with modest gains.
-
British pay growth has lagged behind inflation again, official data showed on Wednesday, adding to questions about how quickly the Bank of England will raise interest rates after an initial hike expected on Nov. 2. Britain's jobless rate between June and August held at a 42-year low of 4.3%.
-
A larger-than-forecast decline in US new home construction (-4.7% M/M) reflected the weakest pace of building in the South since October 2015, showing the fallout from hurricanes Harvey and Irma, according to government figures Wednesday. Building permits disappointed as well, declining by 4.5% M/M in September.
-
Easy monetary policy gives euro zone governments a window of opportunity to enact the reforms needed to boost growth once interest rates have to rise, ECB President Draghi said.
-
France's central bank governor Villeroy called for a reduction in the ECB's bond purchases towards "their possible end" in light of stronger inflation, while saying monetary policy should stay easy. ECB board member Lautenschlaeger called for a complete QE rollback in 2018.
-
Steven Mnuchin said that there is "no question that the rally in the stock market has baked into it reasonably high expectations of us getting tax cuts and tax reform done". He added that the spectre of regulatory relief has also been priced into stocks.
-
Germany's top court threw out a cease-and-desist request that could have halted the ECB's giant bond-buying program, offering some comfort to ECB policy makers as they prepare to extend the purchases into 2018.
- Spanish Deputy Prime Minister Soraya Saenz de Santamaria says the Spanish government will take control of Catalonia unless the regional leader withdraws his claim to independence by 10 am tomorrow.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.