The U.S. economic calendar is relatively light this week, although investors will be paying attention to the latest figures on new and existing home sales, durable goods orders, and consumer sentiment. The consensus forecasts are for mixed home sales data and a 1% drop in durable orders in September.
Overseas, new German reports are due out on producer price inflation and business sentiment, but Brexit developments will remain in focus as U.K. Prime Minister Boris Johnson seeks approval for his Brexit deal in Parliament. On the monetary policy front, the Financial Times reports “Mario Draghi’s swansong at the ECB on Thursday is the week’s main central bank event, but is unlikely to bring any radical new measures. However, investors will be watching very closely to see what he has to say about the state of the eurozone economy, particularly after warnings by the IMF last week about the precarious nature of the global economy when it cut its forecasts because of the impact of trade wars and Brexit uncertainty.” Have a great week!