The only major economic data release from yesterday was the eurozone’s construction output for September. Figures released showed output rose by 4.6% from a year earlier in September 2018, following a downwardly revised 2.2% growth in the previous month. It is the steepest increase in construction output since January and will be welcomed by EU leaders.
There are no major economic data releases from the eurozone today, but tomorrow we will see the European Commission’s decision on Italy which could create some volatility. We will also the see the European Central Bank’s non-monetary policy meeting.
