Economic calendar: Survey data and Swedish retail sales

• Swedish retail sales to be released in the morning

• EU ambassadors could decide on length of Brexit extension today

• Members of Norges Bank and Riksbank to deliver speeches

8:30 am BST - Sweden, retail sales for September. The Swedish krona rallied yesterday when Riksbank hinted that a rate hike is coming in December. However, much of this strength has evaporated already. Today’s retail sales reading could be another chance for SEK to move. Market consensus expects a reading of 0.4% MoM.

9:00 am BST - meeting of EU ambassadors. Ambassadors of the EU member countries are expected to meet today and decide on the length of Brexit extension. However, some rumours surfaced over the night saying that the decision may not be announced until Monday.

9:00 am BST - Germany, IFO business climate for October. IFO headline index saw a slight up-tick in September. The index is expected to decline in October but scale of a move is forecasted to be minor - a decline from 94.6 pts to 94.4 pts. 

3:00 pm BST - US, Michigan consumer Sentiment for October. Second release of Michigan data rarely produces major price swings. The preliminary reading showed a significant jump - from 93.2 pts to 96 pts.

Central bankers’ speeches

• 8:00 am BST - Norges Bank Governor Olsen

• 8:55 am BST - Riksbank’s Ohlsson

• 1:25 pm BST - Riksbank’s Floden

• 3:30 pm BST - ECB’s Villeroy

Major US companies reporting earnings today

• Verizon Communications (VZ.US)

• VF Corp (VFC.US)

• Phillips 66 (PSX.US)