Eurozone PMIs to be in focus today – Deutsche Bank

Analysts at Deutsche Bank suggest that data releases will be in focus today, with preliminary October PMIs across the globe.

Key Quotes

“France, Germany, and the euro area will report their manufacturing, services, and composite PMIs in the morning followed by the US in the afternoon. We will also get France's October business confidence, manufacturing confidence, production outlook indicator, and business survey overall demand. The ECB will release September’s M3 money supply, and the British Bankers’ Association will publish its September finance loans for housing in the UK.”

“In the US, we get latest weekly MBA mortgage applications, August’s FHFA house price index, September’s new home sales, and the Fed's latest Beige Book. Away from data, the Fed's Bostic, Bullard, and Mester will be speaking at different times.”

“European Council President Donald Tusk and the European Commission President Jean-Claude Juncker will present conclusions from the October 18-19 summit to the EU Parliament. Besides this, Barclays, Microsoft, AT&T, Boeing, and Ford will report their earnings.”