According to analysts at Danske Bank, after yesterday’s recovery in global risk sentiment, where financial markets chose to ignore weak Ifo numbers in Germany and manufacturing data in US, the strength of the rebound will be keenly observed on a day with few economic releases.
Key Quotes
“In the UK, the key focus is on indications of political support from both sides of the political spectrum for the Brexit deal ahead of the vote in the House of Commons in December.”
“In the US, markets will focus on four Fed speakers later today and any signals for the rate path in 2019, where the neutral rate lies and whether it should be attained.”
“Another key market focus is the tension between Ukraine and Russia after renewed fighting between the two countries on Sunday in the Black Sea region. Yesterday, the EU and western governments urged both sides to step back from further provocation, demanding the release of Ukrainian Ships and sailors detained by Russia.”
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