FOMC minutes to reveal no new information – Danske Bank

In the US, we will get the FOMC minutes from the October/November meeting and core capex orders for October and as the last FOMC meeting revealed no new information, analysts at Danske Bank do not expect much news from the minutes either - the Fed is on track to deliver another hike in December.

Key Quotes

“Looking at core capex, it has been trending upwards since the spring in line with regional capex plan surveys. These suggest core capex orders growth of around 1.0% in October but the monthly changes are very volatile.”

“In the UK, we get Chancellor Philip Hammond's autumn budget statement to parliament at 13:30 CET.”