From Eurozone, yesterday, only minor importance German Industrial Production and Sentix Investor Confidence figures were released. In October 2015, production in industry was up 0.2% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). Analysts were anticipating 0.8% increase. In September 2015, production in industry decreased by 1.1% on August 2015, thus confirming the provisional result published in the previous month.
Economic expectations for the Eurozone continue to rise contrary to the global trend.
The headline index gains +0.6 points to reach +15.7 overall. Increase to +17.2 points was predicted. Overall, the Eurozone outperforms other world regions as the effects of ECB’s policy measures kick in. The remaining world regions depict signs of a slowdown. Japan slides back into recession. In contrast to Fed’s interpretations of the state of the economy, the sentix indicator for the US economy highlights a contrary view amid the preparations for the first rate rise.
There will be no major data releases from Eurozone tomorrow, so we can expect a bit steadier European part of the session. In the US session JOLTS Job Openings figures are scheduled for a release. Increase by 5.59 million is forecasted.
Figures to watch:
JOLTS Job Openings (Tuesday 16:00)