EUR 
The mood of German consumers improved again slightly in October and
the downward trend in the consumer climate has  come to an end.
Following a revised value of 8.4 points in October, the overall indicator is
forecasting 8.5 points for November.

Income expectations and willingness to buy have increased slightly, while
almost no change was recorded in economic expectations. In October, German
consumers were evidently less affected by the continued problematic

EUR 
The mood of German consumers improved again slightly in October and
the downward trend in the consumer climate has  come to an end.
Following a revised value of 8.4 points in October, the overall indicator is
forecasting 8.5 points for November.

Income expectations and willingness to buy have increased slightly, while
almost no change was recorded in economic expectations. In October, German
consumers were evidently less affected by the continued problematic
geopolitical situation and the resultant economic slowdown than they had been
in the previous month.

GBP
Britain still looks on track to outpace other advanced economies this year
after rapid growth eased only slightly in the three months to September, but a
euro zone slowdown could hamper the recovery in the run-up to next May’s
election. Official data on Friday showed the economy expanded by 0.7 percent in
the third quarter, compared with 0.9 percent the quarter before  in line
with economists expectations.

While the pace of growth was still above Britain’s long-run average, the upturn
slowed in the service industries that dominate the economy, and manufacturing
output rose at its weakest pace in 18 months .Few economists expected Britain’s
previous quarterly economic growth rate – one of the highest in almost a decade
– would be sustained. 

Finance minister George Osborne welcomed the data but said growth could slow
further because of external factors, stating that “The UK is not
immune to weakness in the euro area and instability in global markets, so we
face a critical moment for our economy”.

USD 
Purchases of new homes in the U.S. were little changed in September after the
prior month was revised down, showing an uneven recovery that will limit how
much residential real estate contributes to US growth. Home sales are
struggling to accelerate further as restrictive lending rules and wage gains
that barely keep pace with inflation prevent lower-income buyers from stepping
into the market. The recent drop in mortgage rates will probably help prop up
residential real estate heading into 2015. 

Key Announcements:
13:45 – USD : Markit Serices PMI (Oct) Expected to fall from 58.9 to
58

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