Market movers today
Today, it is time for the German Ifo business confidence. We expect to see a small decline again on the back of a continued difficult external environment, with China slowing further into year-end. See also Germany - Not out of steam, but past the peak , 11 December 2018 for more on our expectations on the German economy.
US housing starts will give more flavour on the state of how much US housing is slowing down. A range of housing indicators (permits, house prices, home sales, NAHB survey) have all weakened over the past six months.
In China, President Xi Jinping is scheduled to give a speech in Beijing to mark the 40-year anniversary of the reform and opening policy, started by Deng Xiaoping in December 1978.
Otherwise, markets will be looking ahead to the Fed meeting tomorrow for signals of monetary policy in 2019.
To read the entire report Please click on the pdf File Below..