Market sentiment remains on a weak footing – Danske Bank

According to analysts at Danske Bank, market sentiment remains on a weak footing amid Brexit uncertainties.

Key Quotes

“Italy could also come into the limelight again today, with the European Commission expected to issue its final opinion on Italy's budget draft. As Italy did not made any material changes to its budget, we expect the EC to start the process of opening an excessive deficit procedure against Italy relatively quickly. Finance Minister Giovanni Tria will also hold a question round in the Lower House of parliament in the afternoon.”

“In the US, core capex figures for October are released today. Due to the tax reform and high business confidence, we expect core capex to increase further today and in coming months. However, keep in mind that the print is very volatile from month to month.”