Monday's session brought Net Lending to Individuals data. Total lending to individuals increased by £4.8 billion in October, compared to the average monthly increase of £4.1 billion over the previous six months. The three-month annualised and twelve-month growth rates were 4.0% and 3.1% respectively. Lending secured on dwellings increased by £3.6 billion in October, compared to the average monthly increase of £2.8 billion over the previous six months.
In the US session Chicago
PMI and
Pending Home Sales figures.
The Chicago Business Barometer decreased 7.5 points to 48.7 in November from 56.2 in October, as a sharp fall in New Orders put it back into contraction for the sixth time this year. Smaller decrease to 54.3 was anticipated. The significant decline in the Barometer is indicative of the see-saw pattern of demand seen in 2015, with output and orders shifting in and out of contraction. The November fall also suggests that activity over the final quarter of the year may well decelerate barring a bounceback in December.
The Pending Home Sales Index, inched 0.2% to 107.7 in October from an upwardly revised 107.5 in September and is now 3.9 percent above October 2014 (103.7). Increase by 1.6% was predicted. The index has increased year-over-year for 14 consecutive months.
Tomorrow's session will be marked by BoE Financial Stability Report which follows after Bank Stress Test Results and should bring some volatility to the markets. Also, UK Manufacturing PMI data will be released. Analysts are predicting decline to 53.7. US session will bring Manufacturing PMI figures. Decrease to 53.7 was anticipated.
Figures to watch:
Bank Stress Test Results (Tuesday 8:00)
BOE Financial Stability Report (Tuesday 8:00)
Manufacturing PMI (Tuesday 10:30)
ISM Manufacturing PMI (Tuesday 16:00)
