Today is a fairly quiet day in terms of economic data. This weeks highlights are likely to be the public finances for September (tomorrow), the minutes of the September MPC meeting (Wednesday), September retail sales (Thursday) and the first estimate of Q3 GDP (Friday).
In the US attention is likely to be focused on Wednesdays CPI data for September after a 1.7% year on year reading for both the headline and core rates in August.
Thursday sees the preliminary October manufacturing PMI’s for the euro area, Germany and France which can be expected to shed more light on the risk of a triple-dip euro area recession.
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