US indices closed down on Monday, pressured by the Health Care Equipment & Services (-1.29%), Technology Hardware & Equipment (-1.06%) and Utilities (-0.49%) sectors. On the economic data front, no major economic news was released. On Tuesday, economists expect the National Federation of Independent Business’s Small Business Optimism Index to come out at 103.0 for November, up from 102.4 in October.
European markets are expected to start on a flat note.<\/p>\n\n\n\n
Foreign Exchange<\/strong><\/p>\n\n\n\n The US dollar was flat to bullish against most of its major pairs on Monday, with the exception of the CAD and CHF. On the economic data front, no major economic news was released. On Tuesday, economists expect the National Federation of Independent Business’s Small Business Optimism Index to come out at 103.0 for November, up from 102.4 in October.
The Euro was flat to bullish against most of its major pairs with the exception of the CAD and CHF. In Europe, Germany’s Trade Balance for October was reported at 21.5 billion euros (surplus of 19.3 billion euros was expected), Exports were released at 1.2% on month, they were expected at -0.7%. The Sentix Eurozone Investor Confidence Index for December was released at 0.7 (it was expected at -5.3).
The Australian dollar was bearish against most of its major pairs with the exception of the NZD.<\/p>\n\n\n\n