Market movers today
In the UK, we do not expect any policy changes at today's Bank of England (BoE) monetary policy meeting. However, attention will be on the accompanying Inflation Report, the minutes and Governor Mark Carney's press conference.
In Sweden, PMI manufacturing numbers for October are due. The index stood at 55.2 last month and we expect the number to fall below that, especially in light of falling export orders and last week's decline in both Germany and euro Area PMIs.
In Norway, we will also get PMI manufacturing numbers , where contrary to Sweden, we expect a small increase to 56.0 from 55.7 last month due to positive signals from other leading manufacturing indicators and a positive outlook on ICE (NYSE:ICE) Brent.
Finally, in the US, ISM manufacturing data is due. We flag that this number has been too high compared to reality for the past couple of years. Therefore, focus should be on Markit PMI, which rose to 55.9 in October compared to 55.5 in September, to gauge US growth.
To read the entire report Please click on the pdf File Below..