From the UK, on Friday, CBI Industrial Orders Expectations survey results were published. “Manufacturers continue to report solid growth in output, while total order books and export order books are holding firm. Expectations for selling prices were largely in-line with the previous month, but price pressures do appear to have moderated somewhat since earlier in the year.” 24% of manufacturers reported total order books to be above normal, and 17% said they were below normal, giving a balance of +7% - that is below the +13% recorded in August but well above the long-run average of -14%.
Also, Theresa May have made her speech regarding Brexit saying UK will honour commitments to EU that it have made during period of membership. May said that mass migration, terrorism are examples of problems that can ‘only be solved in partnership with EU’.
There will be no major data releases both from the UK and USA on Monday so we can expect a bit steadier session.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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