US industrial production and Fed speak amongst market movers today – Danske Bank

Research Team at Dansk Bank, suggests that today, focus will be on US industrial production figures for September and on the FOMC board member Stanley Fischer.

Key Quotes

“Manufacturing production declined in August, in line with a sharp decline in the ISM manufacturing index. As the ISM manufacturing index rebounded sharply in September, it will be interesting to see whether 'hard data' confirms that the manufacturing sector performed better in September. The first indicator on the manufacturing sector in October is also due today, with the release of Empire manufacturing index.

After markets close in Europe, FOMC board member Stanley Fischer, who is considered neutral, is scheduled to speak. Following Fed Chair Janet Yellen's dovish comments on Friday, it will be interesting to see if other FOMC members share the same view.”