In the European session, the only highlight is the German IFO, which is expected at 88.5 vs 88.4 prior. The data is not going to change anything for the ECB, so the market reaction will likely be muted.
In the American session, we don't have much on the agenda other than a couple of low tier releases like the Chicago National Activity Index and the Dallas Fed Manufacturing Index.
As a reminder, we have a holiday-shortened week due to Thanksgiving on Thursday, so it might be harder to read the market as month-end flows could also impact the price action.
At the moment, the risk sentiment is a bit more positive thanks to the dovish comments from Fed's Williams on Friday and the news that Trump's team could sell H200 Nvidia chips to China. After Fed's Williams comments, the odds for a December Fed cut stand around 60%.
Central bank speakers:
- 11:00 GMT/06:00 ET - ECB's Cipollone (neutral - voter)
- 12:45 GMT/07:00 ET - ECB's Elderson (neutral - voter)
- 14:45 GMT/09:45 ET - ECB President Lagarde (neutral - voter)
- 17:45 GMT/12:45 ET - ECB's Nagel (neutral - voter)
