Jean-Claude Juncker will present the EUR315bn EFSI (European Fund for Strategic Investment) programme to the European Parliament. So far there has been limited information on the terms the EFSI will offer private investors.
The US data calendar is heavy ahead of Thanksgiving tomorrow. The final November University of Michigan consumer confidence is likely to attract most attention and we expect it to improve in contrast to the disappointing Conference Board yesterday. The survey also includes a gauge of 5-year inflation expectations, which is closely watched by the FOMC. Durable goods orders for October and home sales data will also be worth watching.
The Swedish NIER’s business and consumer surveys are released this morning and we expect both to have increased slightly more than consensus.
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