Economic wrap - Westpac

Analysts at Westpac offered an economic wrap.

Key Quotes:

"Dallas Fed manufacturing rose from -1.5 to 10.2 (vs 2.0 expected) – the first positive reading since 2014 and a sign of a pickup in producer sentiment. The future employment component more than doubled.

ECB President Draghi reiterated it aims to preserve its accommodative settings in order to get inflation back to just under 2%.

Economic Event Risks Today

US Q3 GDP should be little changed in its second estimate at robust a 3.0% annualised. Case Shiller house prices should maintain robust momentum in September, while consumer sentiment is expected to tick up in November following Trump's victory. There’s also Fedspeak from Dudley."