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In the UK, third-quarter results are due from Barclays bank. The bank is expected to reveal an increase in profits across the board. Its investment banking arm will be under particular scrutiny, having been targeted by activist investor Edward Bramson earlier this year.
In common with other UK bank, Barclays’ share price has rallied strongly in the last month or so, as hopes rise that a disruptive Brexit can be avoided.
We’ll also get a trading update from advertising giant WPP this morning.
Meanwhile, over in the eurozone, we’ll be getting snapshots of German consumer confidence, and then German business sentiment. The monthly Ifo survey looks at how businesses feel about the outlook for the German economy. Right now – although we can’t be 100% sure until third quarter GDP figures come out – Germany is likely in recession. So the sentiment reading will almost certainly be relatively weak.