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In the US today, we’ll get the latest survey of manufacturing activity. Manufacturers around the world have been struggling this year, and the US is no different. In recent months, surveys have indicated that activity in the sector is now shrinking, and the latest report is expected to confirm the trend.
Over in Australia on Tuesday, the central bank is set to announce its latest decision on interest rates. Australian rates are now sitting at 0.75%, and that’s where they’re expected to stay for now. However, the Australian economy is looking fragile, with wage growth slowing down and unemployment edging higher. As a result, financial markets still expect further rate cuts early next year.
On Thursday, we get a slew of data from the eurozone including the latest reports on retail sales, third quarter GDP growth, and employment. Companies reporting include FTSE 100 packaging group DS Smith and builders’ merchant Wolseley.