US – Existing Home Sales
Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew (2.0%) to an annual rate of 5.60M in October, from an upwardly revised 5.49M in September.
October’s sales pace is 5.9% above a year ago (5.29M) and surpasses June’s pace (5.57M) as the highest since February 2007 (5.79M).
US – Richmond Manufacturing Index
The Federal Reserve Bank of Richmond reported that its manufacturing index finally moved into positive numbers again, after a three-month contraction period.
The November manufacturing index grew a total of 8 points and now has a reading of 4, compared to -4 in October.
Canada – Core Retail Sales m/m
While analysts forecasted a 0.6% growth, the Canadian core retail sales remained unchanged in September at 0.0%, from an upwardly revised 0.2% in the preceding month.
Canada – Retail Sales m/m
After four months of no growth, Canadian retail sales rose 0.6% in September on the strength of higher sales at motor vehicle and parts dealers.
UK – Public Sector Net Borrowing
The UK’s entire public sector had to borrow a total of £4.3B in October, down from a revised £9.2B in the previous month.
UK – CBI Industrial Order Expectations
The UK’s industrial order expectations seem to have normalised again at a level of -3 for November, after it suffered from a huge blow in sentiment with a score of -17 in October.
UK – 10-y Bond Auction
Yesterday’s 10-year bond auction resulted in an average yield of 1.38% with a bid-to-cover ratio of 2.0.
EU – Consumer Confidence
Consumer confidence in the euro area increased two points in November to -6, from -8 in the preceding month.
Upcoming Data Releases