Back to a busy day of announcements, with plenty of data set to come out later today and in the early hours of tomorrow morning.

Europe is releasing quite a number of pieces of data. This includes: French, German & European Flash Manufacturing PMI and also French, German & European Flash PMI figures. These figures are important as they give us an indication of the health  and strength of both the manufacturing sector and the services sector. The European figures are ones that cover all of the EU countries, whilst obviously the French & German ones are country specific. French & German figures are separated as these are the two largest economies in the EU, meaning their data is more closely watched.

The UK is only releasing one piece of information, but it is crucial to the outlook for the country. Later tonight, they are releasing their Autumn Forecast Statement. This is critical as this document provides an updated economic outlook and previews the government’s budget for the coming year, including expected spending and income levels, borrowing levels, and financial objectives. It also contains comments on the latest independent economic forecasts prepared by the OBR (Office of Budget Responsibility). Meanwhile MPC Member Kristin Forbes (who was due to speak yesterday) is speaking later tonight.

Out of the US, there is a number of figures set to be released in the early hours of tomorrow morning. This includes: Durable & Core Durable Goods Orders, Unemployment Claims, HPI (House Price Index), Flash Manufacturing PMI, New Home Sales, Revised UoM (University of Michigan) Consumer Sentiment & Inflation Expectations and Crude Oil Inventories.  Durable Goods Orders is important as it reflects the new orders for durable goods. A growth in this figure means a strengthening in the manufacturing sector. The PMI figure is also important for the same reason. Unemployment Claims reflects the strength of the US labour market. HPI & New Home Sales data help give us an indication of the health of the housing industry and consumers willingness to spend money on residential real estate.