Fiscal policy needed for the Euro Draghi tried to help out Lagarde as he realised that monetary policy has now run its course. Fiscal policy is the tool needed now to try and lift the Euro. The Euro data has shown some improvement, but German Gov’t spending could really help the drag in German manufacturing. 
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Later today, ECB Pres. Lagarde will be speaking The US factory orders for September will be released at 10 AM ET today. The expectations are for -0.4% vs a -0.1% loss in August.  Part of factory orders is Durable goods orders which had the preliminary report released back on October 24th. That report showed a
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The election will take place on December 12 Bank of America Merrill Lynch Global Research discusses GBP outlook ahead of next month’s UK elections. “Are we finally heading for some closure on phase 1 of Brexit? Possibly but not certainly. The House of Common‘s last night authorised a 12 December UK general election. Assuming the legislation
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Highlights of the October US employment report: Prior was +136K (revised to +180K) Estimates ranged from +25K to +140K Two month net revision +95K Unemployment rate 3.6% vs 3.6% expected (prior 3.5%) Participation rate 63.3% vs 63.1% exp (63.2% prior) Avg hourly earnings +0.3% m/m vs +0.2% exp Avg hourly earnings 3.0% y/y vs +3.0%
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