Market Movers
Besides this morning's Chinese data releases (see more below), the calendar is fairly thin, with US housing data released in the afternoon as the highlight.
The NAHB housing market index for October is expected to be unchanged after climbing in September to 62, its highest level since 2006. Note that further US housing data are due for release later this week, including housing starts and building permits (Tuesday) and existing homes sales (Thursday). Generally speaking, we expect data to support the picture of a housing market that continues to benefit from a favourable mix of low interest rates and positive real income growth.
Fed's Brainard (voter, dovish) and Lacker (voter, hawkish) are scheduled to speak but the topics are not related to the economic outlook or monetary policy.
There are no data releases in Scandinavia today.
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