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Danske Daily: October 28, 2013

ByDanske Markets
Published 10/28/2013, 06:38 AM
Updated 05/14/2017, 06:45 AM

Market movers today

US manufacturing production growth has been subdued over the past six months and leading indicators are sending mixed signals. The ISM manufacturing suggests a significant rebound while Markit PMI is more downbeat. We expect the delayed data for industrial production in September to show an increase of 0.4% m/m in line with consensus.

The US housing recovery has slowed lately as a consequence of the increase in mortgage rates and probably also some payback from the rapid rise in activity earlier this year. We expect September pending home sales to confirm the loss of momentum and look for a decline of 1.0% m/m.

Note that all US data will be released one hour earlier than usual (European time) as US daylight saving time does not end until next week. This also means that the statement from the FOMC meeting on Wednesday will be released at 19:00 CET.

The US earnings season is about halfway through and continues this week.

Swedish retail sales and trade balance data will also be

To Read the Entire Report Please Click on the pdf File Below.


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