In the U.S., equity markets reacted subdued to the release of the FOMC minutes from October 28-29. The Fed particularly underscored risks of a decline in long-term inflation expectations, as inflation has remained below the Fed’s 2% goal for 29 straight months. In other news, building permits in the U.S. climbed 4.8% in October to a six-year high, pointing to a pickup in homebuilding, following a a 2.8% gain in September.
Housing starts dropped 2.8% in October. 2.8% gain in September. Housing starts dropped 2.8% in October.
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