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German industrial production and US jobless claims amongst market movers – Danske Bank

In Germany, industrial production is set to show a decent increase for October after a drop in September, suggests the research team at Danske Bank.

Key Quotes

“A rise in factory orders yesterday continued to point to a robust recovery, as does a high level of German manufacturing confidence.”

“Headlines regarding German politics could come back into focus, as the three-day SPD party conference kicks off today, where SPD members will decide whether to enter renewed coalition negotiations for a 'grand coalition' with Angela Merkel's CDU party.”

“US initial jobless claims is the last piece of input on the US job market ahead of the payrolls report tomorrow. Initial claims have hovered around 240k recently, pointing to a strong labour market.”

“In the late afternoon, ECB President Mario Draghi will participate in a press conference by the Bank for International Settlement in his role as Chair of the Group of Governors and Heads of Supervision, but this is unlikely to provide material news ahead of the ECB meeting next week.”

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