The Business News Week Ahead

 The week is expected to open on down notes, specifically the PMI composite flashes from France and the UK where readings on services are expected to be pulled into deep lockdown contraction. Following the PMIs, the week will feature a run of sentiment data out of Europe all of which is also expected to show Covid-related declines: French business climate on Tuesday, German Ifo business climate also on Tuesday, and Germany GfK consumer climate on Thursday. US consumer confidence on Tuesday is also expected to decline, in part on Covid and in part on the US election. The week be heavy with US data highlighted by durable goods and international trade in goods, both on Wednesday and both expected to be consistent with slowing growth in contrast to new home sales which will also be posted on Wednesday and where substantial strength is the expectation. The week ends on Friday with the French CPI and the first inflation reading on the Covid-hit month of November.