Market movers today – Danske Bank
Analysts at Danske Bank suggest that the talks about a US tax deal continue to be the main topic in markets.
“Also, the market will monitor comments on Brexit negotiations after the talk yesterday between the UK's Theresa May and the EU's Jean-Claude Juncker did not result in a deal.”
“There is no tier-1 data today on the global front but a number of tier-2 data is due to be released: PMI services are released for the euro area and the UK and US will release the ISM non-manufacturing index. The latter is the most interesting as it reached the highest level in more than a decade in the past two months. Although growth is robust in the US, it seems a bit overdone and we could be in for a small decline for November.”
“Euro retail sales are set to show a decline in October (consensus is -0.7% m/m) after a big increase in September. Overall, the euro consumer is in good shape as signalled by record high consumer confidence.”