Market Comment | Markets cautious ahead of a week full of relevant events

Summary

Weak US data. US pending home sales rose in October less than expected (by 0.2% MoM; consensus: 1.0%). Meanwhile, the Chicago purchasing manager index dropped more than expectations (by 7.5 points to 48.7; consensus: 54.0), with new orders, production and inventory sub-indices decreasing, probably dragged by the strong US dollar. Preliminary German inflation rate increased […]

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