• Eurozone consumer confidence and economic sentiment indicators rose to multi-year highs recently, suggesting that the euro area’s economy remains in good shape.
• Currency markets remain volatile and exposed to political uncertainty. The euro has appreciated approximately 8% against the dollar over the past year, which could complicate things at the European Central Bank (ECB).
• The US economy grew at a stronger-than-expected rate of 3.0% in Q3, but latest non-farm payroll numbers were heavily impacted by hurricanes Harvey and Irma. However, Cebr believes that employment figures will rebound in the coming months. October figures are released later this week.
• Japan’s Shinzo Abe and his Liberal Democratic party (LDP) secured a landslide victory in October’s snap election, which should help the Prime Minister to continue his “Abenomics” economic strategy.
• China’s economy expanded at 6.8% in Q3. GDP growth is expected to accelerate from 6.7% in 2016 to 6.8% this year.

 

To begin receiving the full reports sign up to a FREE TRIAL of Cebr’s The Prospects Service here.