The markets were seen trading relatively subdued heading into the Thanksgiving holiday in the U.S. Data showed that building permits rose 1.26 million on the month matching estimates while housing starts also rose 1.23 million, matching estimates.
There was some volatility for the pound sterling. Spain announced that it would vote no against the Brexit draft citing the outstanding issue over Gibraltar. The sterling’s reaction was, however, a bit muted.
Data from the Eurozone is quiet with not many releases in store. The NY trading session will see the U.S. durable goods orders report coming out. Core durable goods orders are forecast to rise 0.4% on the month. However, headline durable goods orders are expected to fall 2.2% on the month.
Later in the day, the U.S. existing home sales report is due. Forecasts point to 5.20 million increase marking a slight gain from the month before.
