Analysts at Deutsche Bank suggest that the big focus today will be the US midterm elections, in addition to the JOLTS job openings in the US for September.
Key Quotes
“Wednesday: It's a quieter day for data Wednesday. In Japan we'll get September cash earnings, in China we'll get October foreign reserves, in Europe we'll get September industrial production in Germany and September retail sales for the Euro Area, while in the US we'll get September consumer credit. Away from that the BoJ's Funo is due to speak, while Russian PM Medvedev is due to meet Chinese Premier Li Keqiang.”
“Thursday: The main focus on Thursday will be the Fed with the FOMC meeting. Away from that we're due to get October trade data in China, September trade data in Germany and France and the latest weekly initial jobless claims print in the US. The European Commission will also update its economic forecasts, while the ECB's Coeure is due to speak.”
“Friday: It's a busy end to the week for data on Friday. In China we get October CPI and PPI. In Europe we'll get September industrial production in France and the September and Q3 GDP prints in the UK. In the US the highlight is the October PPI reading, while the preliminary November University of Michigan consumer sentiment reading and September wholesale inventories are also due. The Fed's Quarles is also due to speak along with the Fed's Williams and Harker, while President Trump travels to France to meet French President Macron and Russian President Putin. European Foreign Affairs Ministers will also meet to discuss the WTO and trade.”
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