It's PMI day here in Europe

Happy Wednesday, everyone! It was a nervy time for equities in US trading but they sure looked like they managed to redeem yet another get-out-of-jail-free card. And that's setting up for a little bounce in risk as Chinese stocks are once again on the move up so far today.

The session ahead has quite a number of releases but they're mostly the PMI survey prints ahead of what will be the main event in North American trading i.e. Bank of Canada rate decision.

0645 GMT - France October business, manufacturing confidence

Prior figures can be found here. General gauge of confidence levels in the French economy. Not a major release by any means.

0715 GMT - France October flash manufacturing, services, composite PMI

0730 GMT - Germany October flash manufacturing services, composite PMI

0800 GMT - Eurozone October flash manufacturing, services, composite PMI

Prior month's figures can be found here: France (manufacturing, services and composite), Germany (manufacturing, services and composite), Eurozone (manufacturing, services and composite). Factory output prints in the Eurozone economy has continued to trend lower over the past few months while services are hanging on by a thread mostly. Further signs of deterioration in sentiment won't bode well for Q4 growth rebound and will raise some concerns for the ECB moving forward. The individual releases may not move the euro all too much but this builds into overall economic sentiment of the region.

0800 GMT - Eurozone September M3 money supply data

Prior release can be found here. General gauge of broad money in the Eurozone economy, which has been growing slower than the recent average trend (tightening).

0830 GMT - UK Finance September mortgage approvals

Prior release can be found here. The data measures only a proportion of the demand in the UK housing market - those which are approved by High Street Banks in the UK. A rough gauge of the conditions in UK housing, not a major release by any means.

1100 GMT - US MBA mortgage applications w.e. 19 October

Weekly US housing data, measures the change in number of applications for mortgages backed by the MBA during the week. Not the biggest of data points, but a general indicator of the housing sector sentiment.

That's all for the session ahead. I wish you all the best of days to come and as always, good luck with your trading!