EUR
A measure of construction output and activity in the Euro Zone showed an
increase in construction. This suggests a growing economy as it reflects
consumer and business optimism. The month on month figure previously stood at
0.4% and came out at -0.2%. Causing the revised year on year figure to come out
at -0.6%.

USD
Yesterday saw the release of the NAHB housing market index which presents home

EUR
A measure of construction output and activity in the Euro Zone showed an
increase in construction. This suggests a growing economy as it reflects
consumer and business optimism. The month on month figure previously stood at
0.4% and came out at -0.2%. Causing the revised year on year figure to come out
at -0.6%.

USD
Yesterday saw the release of the NAHB housing market index which presents home
sales and expected home buildings, these indicate future trends for housing in
the US. A high reading is seen as positive for the USD and low seen as
negative. This came out better than expected at 64 when the consensus was 62.
This is positive for the USD as it can reflect consumer and business
confidence.

CNY
China’s economy grew by more than expected in the third quarter of this year
easing thoughts that it is slowing at a greater pace than previously thought.
China’s statistics bureau said yesterday that the country’s GDP increased 6.9%
between July and September from a year ago. The expected figure was 6.8% growth.

Key Announcements
11:00 – GBP : BoE’s Governor Carney speech
13:30 – USD : Housing Starts – expected to increase to 1.150m from 1.126m
13:30 – USD : Building Permits – expected to remain unchanged at 1.17m