Market movers ahead
- In the US, fiscal cliff negotiations continue after the Thanksgiving break.
- The eurogroup and IMF get another shot at reaching an agreement on Greece.
- The regional election in Catalonia could bring Spain back into the limelight.
- We expect data for October to show that Japan is in recession.
- In Sweden, GDP growth appears to have eased only moderately in Q3.
- US data show a resilient manufacturing sector and an improving housing market.
- In the euro area, there are tentative signs of stabilisation in PMIs and German IFO.
- In China, the HSBC manufacturing PMI suggests the recovery is gaining strength.
- The Bank of Japan took a breather but is poised to ease further as soon as December.
- GDP growth in Norway was resilient in Q3 on the back of strong domestic demand.