Market Movers ahead
- In the euro area, focus will remain on the Italian budget turmoil and the ECB meeting on Thursday. We will get the first indication of Q4 GDP with the flash PMI.
- In the US, the first estimate for Q3 GDP is due to be released, as well as PMI for October.
- We are likely to have to wait another two months at least for a deal to be agreed on Brexit.
- In the Nordics, the key event will be the Riksbank meeting, as well as projections from the Swedish Debt Office. We also have the Norges bank meeting.
Global macro and market themes
- Brexit negotiations failed to reach breakthrough at EU summit. No deal within the next two months.
- Harsh EU letter to the Italian government.
- US sell-off took a breather amid moderate risk sentiment.
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