Analysts at Danske Bank suggest that with US markets closed for Thanksgiving, a relatively quiet day awaits on the data front ahead of tomorrow’s PMI releases and only ECB Minutes and Brexit are going to be the key market moving events for the day.
Key Quotes
“Markets will still keep an eye on the latest Brexit developments after Theresa May’s visit to Brussels and the lingering threat of a confidence vote as well as Italian politicians’ response to the EU Commission’s decision to prepare an excessive deficit procedure against the country.”
“However, in the euro area, ECB minutes from the 25 October meeting are today’s highlight. No significant new policy guidance was announced during the meeting, but we will look out for any comments on inflation and growth assessments and especially any hints for the crucial 13 December meeting, in terms of ending the APP and the shift to a more conventional policy tool guidance.”
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