Economic sentiment figures were released yesterday for both Germany and the Euro Area. Economic sentiment for Germany dropped by 21.3 points from the previous month to 56.1 in October, well below market expectations of 73. Investors voiced concerns about the recent sharp rise in the number of COVID-19 cases and the prospect of the UK leaving the EU without a trade deal.
It was a similar story for the Euro Area, which dropped to its lowest level since May, due to an expectation for a deterioration in economic activity.
Today, industrial production figures will be released for the Euro Area. There will also be speeches from President of the ECB, Christine Lagarde and Chief Economist, Philip Lane.
