Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Tuesday's data calendar throws up a quiet session, with the only highlights being the publication of Swiss inflation figures at 0730GMT and the release of US factory orders at 1500GMT.
Swiss inflation still seen negative
Annual consumer prices dropped by 0.8% in September, an eighth successive negative reading. Markets are looking for another decline in October, although at a slower pace of 0.6%. Core inflation improved to -0.3% in September and markets expect the indicator to rise further to -0.2%. While prices for packaged holidays and accommodation services declined in September, prices for clothing and footwear increased. The recently released manufacturing PMI noted that prices are likely to remain below zero in the coming months.
US factory orders expected to rise
Factory orders increased by 0.7% in August following July's 6.5% growth rate. Excluding transport orders also gained 0.7% in August. In September markets are looking for a small uptick to 0.8% for factory orders, while orders excluding transport are seen lower at 0.5%. Survey evidence is in line with market forecasts. The ISM manufacturing PMI saw a sharp increase in new orders while the IHS manufacturing PMI noted stronger demand with new orders rising in October.
The main event Tuesday is the US election, although results won't be known until the early GMT hours on Wednesday Besides that a speech by the ECB's Andrea Enria at the Handelsblatt annual event is worth noting.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.