In the US session Building Permits and Housing Starts figures were released. U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter. Housing starts decreased 4.7 percent to a seasonally adjusted annual rate of 1.127 million units last month, the Commerce Department said. That was the lowest level since September 2016 and marked the third monthly decline in starts. Building permits fell 4.5 percent to a rate of 1.215 million units in September.
Tomorrow's session will bring Australian job figures as well as GDP and Industrial Production dana from China. China's GDP should grow by 6.8% in Q3, while Industrial Production should rose by 6.4%. Number of empolyed in Australia should incline by 14,300, while Unemployment Rate should remain unchanged at 5.6%. In the US session Unemployment Claims and Philly Fed Manufacturing Index figures will be released. Analyst expect decrease to 243,00 in Unemployment Claims and fall to 21.9 in Philly Fed Manufacturing Index.
Figures to watch:
Employment Change/Unemployment Rate (Thursday 2:30)
China's GDP (Thursday 4:00)
China's Industrial Production (Thursday 4:00)
Unemployment Claims (Thursday 14:30)
Philly Fed Manufacturing Index (Thursday 14:30)
