020 7898 0500It’s not long now until the eagerly anticipated presidential election in the US. Over the weekend, the FBI announced a new inquiry into Hillary Clinton’s email use during her time as Secretary of State. In July, she was cleared of any criminality but this new inquiry is likely to cause uncertainty over the coming days, and could potentially throw her position in the race into contention.
Later in the week we have a raft of employment data out in the US. The country saw improved performance in the third quarter of 2016 and employment change is forecast to improve by 170-175k at the start of the fourth quarter. Should this happen, it will bolster market expectations for an interest rate hike later in the year, which is currently expected to be announced in December. We’ll get a better insight into the Federal Reserve’s plans following the Federal Open Market Committee (FOMC) meeting on Wednesday evening.
Looking at the day ahead, we have manufacturing data in both the US and UK, which again is an important market indicator. These could cause plenty of volatility during these uncertain times on both sides of the pond.
