Economic Calendar: IFO Data from Germany in Focus

• Futures contracts indicate a higher opening of the cash session in Europe
• The dollar loses its bullish momentum
• The calendar includes IFO data from Germany

We are starting a new week of trading on international financial markets. The Asian session brought over 1.3% increases on the Japanese Nikkei and 1.4% increases on the Korean Kospi. However, Chinese markets are under downward pressure today, with the Hang Seng falling by 0.5%.

Contact quotes indicate that the bullish side is currently dominating sentiment before the start of Monday's trading. Contracts for the German DAX and the American Nasdaq are currently gaining 0.5%.

The macro calendar for today is relatively empty, but investors' attention may turn to IFO reading from Germany.

Detailed calendar of the day (GMT):

09:00 PM - Germany, business sentiment for November. Forecast: 86. Previously: 86.5.

03:30 PM - USA, Dallas FED for industry for November.

04:30 - 05:30 PM - Eurozone, ECB bankers' speeches (Lane and Nagel)