The headlines in Election Week
USD – No election euphoria then… US ABC consumer confidence has fallen to -50 in the week ended 9 Nov, as against -48 the previous week – still mired in the grim-looking state of personal finances and the wider economy.
GBP – UK house prices declined at -5.1% year on year in Sept versus a revised -4.6% in Aug, which initially was -3.4%. Not looking good in the buy-to-let market, but we knew that, didn’t we….
EUR- ZEW index of economic expectations, Germany, rose to -53.5 in Nov from -63.0 in Oct – still lowest levels in the noughties…
G20 – More noises about coordinated fiscal action at the national level from G20 countries in the run-up to this weekend’s meeting.
