Analysts at Danske Bank point out that in the euro area, service PMI readings in Italy and Spain for November are due as well as retail sales for the Eurozone and are going to be key market moving economic releases for the day.
Key Quotes
“These numbers will provide interesting clues about the strength of the eurozone economy.”
“Activity remains in hibernation.”
“In the UK, all eyes are on the debate in the House of Commons and the troubles of the Theresa May government in pushing through the Brexit deal.”
“In Poland, the central bank rate decision is due, where we expect no change but watch out for the press conference later in the afternoon.”
“US markets are closed on Wednesday, as it has been declared a national day of mourning following the death of former President George H.W. Bush. That also means that Powell’s address to the US Congress Joint Economic Committee is postponed.”
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