The only release of note from the US on Friday was the University of Michigan’s consumer sentiment which had been expected to dip to 98.0 from 98.6 in the previous period. The reading actually better expectations by coming in at 98.3, but the reading is still the lowest for three months.
Trump was criticised over the weekend for failing to attend an event honouring US military dead. The White House cited rain that grounded the president’s helicopter, but has since said that he couldn’t travel by car instead because Trump didn’t want to cause disruption.
Tomorrow we will see consumer inflation expectations for October, but things don’t really get going in the US until Wednesday, when we will see the inflation rate for October. On Thursday we will see retail sales figures for October and Friday has the industrial production figures.
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