020 7898 0500The UK and eurozone took centre stage for most of the week as it was pretty quiet for US economic data. However, on Friday we learned that building permits and housing starts came in higher than expected. Indeed, US homebuilding hit a one-year high in October, at least in part because of the need to replace homes following the hurricanes and flooding of recent months.
This week is a much busier affair, beginning with existing home sales numbers on Tuesday. Federal Reserve Chair Janet Yellen is due to give a speech the same day, which will be watched closely for any indications of future monetary policy. On Wednesday, we will see the durable goods orders and jobless claims numbers, as well as the FOMC meeting minutes.
Finally, on Friday we will see the Purchasing Manager Indices for the manufacturing, services and composite sectors. All in all, a busy week.
