With the U.S. and Canadian markets closed, trading was relatively subdued. Still, the U.S. Dollar managed to maintain a steady pace of gains on Monday.
On the economic front, China’s Caixin services PMI was seen rising to 53.1 for September. This beat estimates of 51.4 and advanced from 51.5 in August.
In Switzerland, the unemployment data showed that the national unemployment rate was steady at 2.5% as expected. The unemployment rate fell by 0.1 percentage point from the month before.
In the Eurozone, industrial production figures from Germany showed a 0.3% decline on a month over month basis. This missed estimates of a 0.4% increase and the declines followed through from a 1.3% decline in the previous month.
The economic calendar for the day will see the release of the trade balance figures from Germany. Estimates show that trade balance increased to 15.9 billion from 15.8 billion in the month before.
The economic data over the rest of the day is relatively quiet. The U.S. and Canadian markets open today after Monday’s bank holiday. Canada will be releasing the housing starts data. Economists forecast housing starts to rise 203k advancing from 201k from the previous month.
Later in the evening, the BoE member Broadbent will be speaking.
