Following last week’s trade negotiations between the US and China, where the two nations reached a phase-one deal, investors are now likely to keep their gaze locked mainly on Brexit and the EU summit scheduled for Thursday and Friday. Recent developments suggest that a withdrawal accord is now more likely and thus, it would be interesting to see whether this could be agreed by the end of this week. As for the data, Australia’s employment numbers, as well as New Zealand’s and Canada’s CPIs would also be in focus.
Monday appears to be a relatively light day in terms of economic releases and indicators. Markets in Japan and Canada will stay closed due to the Thanksgiving Day and the Health-Sports Day respectively. The only indicator worth mentioning is Eurozone’s industrial production for August, and expectations are for a 0.3% mom rebound after a 0.4% slide in July. That said, this would drive the yoy rate lower, to -2.5% from -2.0%.
On Tuesday, during the Asian morning, the RBA will release the minutes of its latest policy meeting. At that gathering, the Bank decided to cut interest rates by 25bps, to a new record low of...
Read the full financial markets weekly outlook on JFD Research.