In view of analysts at Danske Bank, markets focus remains on politics as tomorrow, the US mid-term elections take place, where the most likely outcome seems to be a divided Congress.
Key Quotes
“We do not expect the midterms to have big implications for growth and financial markets.”
“In Germany, focus is on who is going to succeed Angela Merkel as CDU leader. In Italy, we have the ongoing budget clash with the EU. The trade war is back in the spotlight, as Trump seems slightly more willing to negotiate with China.”
“US ISM nonmanufacturing will give us more information about current growth momentum. In September, the index printed the second-highest value since the series began in 1997.”
“UK PMI service index is expected to fall slightly to 53.3. The Lloyds Business Barometer suggests a sharp fall is on the cards and the DG ECFIN service confidence indicator says it probably remained unchanged.”
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