A quiet day on the docket for European trading
Good day, everyone! Hope you're all doing well as we get into the session ahead. It's been a relatively light start to trading so far but once again the dollar is making headway as yields threaten a break higher.
That's the major story in trading so far and will surely exacerbate some concerns in equities and emerging markets. In turn, that will create a feedback loop and push the dollar higher as well. All theoretical of course but that's the way it should play out.
0620 GMT - ECB's Ardo Hansson speaks in Tallinn
Hansson will be speaking on the 2019 outlook for Estonia (he's the central bank governor there) and the Eurozone. Expect some minor comments on policy and/or inflation but he shouldn't deviate much from the current ECB rhetoric.
0730 GMT - Germany September construction PMI
Prior report can be found here. General view on construction activity in the German economy, which has been a bit soft in recent times. A minor data point though as this is survey data.
1130 GMT - US September Challenger job cuts data
Prior release can be found here. The data provides information on the number of announced corporate layoffs by industry and region and acts as a general labour market indicator. Not much of a market mover as the focus is on the jobs report to come tomorrow.
Also of note, we'll have Italy's finance minister Giovanni Tria speaking on the country's economic report presentation at 0930 GMT.
That's all for the European session to come. I wish you all the best of days and good luck with your trading!
