Yet another light session in terms of economic releases
Good day, everyone! Hope you're all doing well as we look to get things going in the session ahead. Markets are once again steady for the most part with the kiwi holding mild gains to start the day as risk trades continue to stay vibrant since overnight trading.
The S&P 500 closed at a record high while bond yields are slowly inching higher, alongside yen pairs, with trade optimism continuing to fuel the run in the new week.
Looking ahead, there isn't much on the data docket to shake up the ebb and flow but we will get another UK parliamentary vote on an election.
This time around, Boris Johnson will propose a "short and simple" bill to push for an election on 12 December and the numbers may be close - so expect a lot of shifting sands during the day on whether or not he has the support to get this one through.
0700 GMT - UK October Nationwide housing prices data
Prior release can be found here. A general indication of housing market sentiment in the UK, not a major release by any means.
0745 GMT - France October consumer confidence
Prior release can be found here. Confidence among consumers have been improving markedly in France since the yellow vest protests at the end of last year, though economic conditions are still not exactly stellar to be fair. That said, this will still provide some relative comfort but it is very much a minor data point.
0930 GMT - UK September mortgage approvals, credit data
A read of credit conditions in the UK economy, which has been weakening since 2017 in light of continued Brexit uncertainty. That said, with the focus on Brexit itself right now, the release here won't do much to impact markets in any way.
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!
