Brexit and US housing data amongst market movers today – Danske Bank

Analysts at Danske Bank suggest that in the UK, focus remains on Brexit and any news regarding Theresa May's uncertain future as PM and party leader.

Key Quotes

“May is expected to travel to Brussels today to discuss trade. Apart from politics, markets will also keep an eye on any changes in the BoE's rhetoric, when Carney, Haldane, Cunliffe and Saunders testify before the UK Parliament's Treasury Committee today.”

“In the US, housing starts and building permit data for October is due. Recently, the housing market has looked a bit shaky, but numbers for September were probably influenced by the hurricane season. Hence, we will keep an eye on whether we see a recovery in October and the coming months.”