Market insights

Markets On Hold

Currency exchange rates are generally sat in a tight, sideways market at the moment, and it's a similar story with stock markets.

The FTSE 100 has had a bit of a lift, but that's a bit of an outlier at time of writing.

It's difficult to place exactly what the driver is.

Could be the US Government shutting down last night, although that's normally very temporary.

Or it could be a waiting game around the UK budget, but that's miles off at the end of November....although you wouldn't think that according to the press.

George Osborne (ex chancellor) was interviewed yesterday, and confirmed that ideas are mooted until around 2 weeks before the budget, then decisions are made, so all the supposed news stories around what's likely to happen are a bit of hot air, by the sounds of it.

Looking ahead there's two key pieces of news to diarise.

Eurozone preliminary inflation today with an annualised growth of 2.3% expected, and the good old non farm payrolls from the States on Friday.

The latter is expected to report a rather dismal growth of just 50,000 jobs, and that follows an even more dismal 22,000 last month.

All around it's a quiet week for scheduled news, but plenty in the chamber for global news stories.

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Economic calendar

EUR: 10:00 Preliminary Inflation Report

US: Friday 12:30 Non Farm Payrolls

As ever we look forward to keeping you in the loop and look out for our next update.

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