European Area Sentix Investor Confidence
European investors experienced increased optimism in the October report. Previously, investors and analysts confidence increased to 5.6, indicating optimism, for October they expected the figure to be at 6.2.
October was released at 8.5, much higher than expected and the third highest YTD.
German Trade Balance
August saw the total value of exported goods increase to 96.5B, while imported goods increased to 76.5B Euros. The German trade balance saw a surplus of 22.2B, with the forecast for August being lower at 19.3B.
German Exports increased by 9.8% YoY, while imports increased by 5.3% YoY.
Italian Industrial Production MoM
Industrial production excluding the construction industry was expected to see a decrease by -0.2% for August. However, to everyone’s surprise it soared to a 1.7% increase, following July’s release of 0.4%.
Upcoming Data Releases
Things are starting to pick up for the week with a number of low to medium impact data releases today.
Canadian Housing Starts are expected to increase from 183K to 194K, while Australian Home Loans are expected to decline by -1.3% compared to the previous month.
US NFIB Small Business Index
Small businesses in the United States are expected to have an increasingly better view of current labour market conditions.
The NFIB Small Business Index was previously released at 94.4 and is forecasted to increase to 95.2 in September.
German ZEW Economic Sentiment
German institutional investors and analyst’s confidence is set to increase from 0.5 to 4.2. A figure above 0.0 indicates optimism, whilst below indicates pessimism.
Institutional investors and analysts are highly informed and changes in their sentiment can be an early signal of future economic activity.
|6:50||Japanese Current Account||JPY||1.45T||1.58T|
|7:30||Australian Home Loans MoM||AUD||-4.2%||-1.3%|
|16:00||UK MPC Member Saunders Speaks||GBP|
|19:15||Canadian Housing Starts||CAD||183K||194K|
|21:00||US Labour Market Conditions Index MoM||USD||-0.7|