Starting off Monday is Germany’s producer price index which is estimated to fall 0.25 percent month over month, after rising 0.2 percent in August.
Wednesday will have Canada’s monetary policy report and US existing home sales data release.
Bank of Canada is expected to cut its policy interest rate by 50 basis points to 3.75 percent. This follows a 25-basis point cut to 4.25 percent last month. US existing home sales are expected to rise at a 3.9 million annual rate in October after falling 2.5 percent to 3.860 million units in September. Also in US reports Wednesday, the release of the Beige Book covering the period between late August and mid-October will show the impacts from Hurricanes Helene and Milton, reports out of Atlanta, Richmond, and St. Louis. This could well pull the overall tone of the report down, and coming on the heels of a lackluster assessment of conditions in the prior Beige Book, it could cause some handwringing about the US economy.
In Thursday’s reports, South Korean GDP is expected to rise 2.1 percent year over year, and the PMI composite flash for the UK is expected to expand in both composite, manufacturing, and services in its flash release.