The markets continue to be driven by the fear of the next elections. Stock indexes continue to decline, despite the fact that the Federal Reserve did not touch its key rate; moreover, the representatives of the Federal Reserve were very confident regarding inflation.
In this context, the market is awaiting patiently the speech by Mr Carney, Governor of the Bank of England, at 13:00.
It now seems very hard to try and anticipate anything on an overheated market. The entry and exit strategies seem to be more suited to this market configuration.
Market closing data:
|Euro stoxx 50||-1,42%|
|10:30||GPB||PMI services (Oct.)||52,4||52,6|
|13:00||GPB||BOE Inflation Report||–||–|
|13:30||GPB||Carney speech, governor of BOE||–||–|
|15:00||USD||ISM Non-Manufacturing PMI||56,0||57,1|