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.
Monday morning throws up a quiet start to the week, with the only data release scheduled being EZ industrial production figures at 1000GMT.
EZ industrial sector forecast to recover further
Monthly industrial production in the Eurozone eased by 0.4% in September after ticking up 0.6% in August. September's decline was the first drop since the record fall in April and it was mainly driven by a sharp decrease of durable consumer goods production, down 5.3%, followed by energy output declined 1.0%. In October, markets are looking for an uptick by 2.0% on a monthly basis, while the annual rate is seen at -4.5%. State level data came in stronger than markets expected with German industrial output rising by 3.2%, while French production was up 1.6%. Spanish industrial output grew by 0.6%, while Italian production increased by 1.3%.
Forward looking survey evidence is in line with market expectations. The EZ manufacturing PMI eased marginally in November but remains in expansion territory, signalling growth in both production and new orders. Industrial sentiment cooled slightly in November after it improved in October according to the European Commission's ESI. However, November's reading of industrial sentiment was the highest since February.
The highlights in terms of events on Monday are speeches by ECB Executive Board members Fabio Panetta and Isabel Schnabel.
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.