US: Focus is on housing market figures – Danske Bank

Research Team at Danske Bank, suggests that in the US, focus is on housing market figures with housing starts and building permits due for release.

Key Quotes

“The gradual recovery in the housing market has been paused for some time and although consensus is for increases in both figures, it should not change the recent trend.

There are also some Fed speeches to follow with Williams (non-voter, neutral) due to speak in the afternoon and Kaplan (non-voter, dovish) set to deliver a speech in the evening. The Fed is moreover set to release its Beige Book tonight.

In the night, the third and last US presidential debate is scheduled. Yesterday, the NY Times Presidential Forecast Update showed that Hillary Clinton has a 91% chance of winning the election - the highest so far.”