OECD lifts French 2021 growth projection to 6.8% from 6.3% previously
Meanwhile, it also raises the 2022 growth projection to 4.2% from 4.0% previously, noting that consumer spending has bounced back robustly on the vaccination campaign.

ECB to bolster support for more QE next month, says HSBC
The firm argues that the surge in inflation pressures in the euro area isn’t going to deter the ECB from sticking with its easy stance, despite estimates of annual inflation hitting an all-time high of 4.5% in November, according to HSBC’s senior economist.

Latest data from the Mortgage Bankers Association for the week ending 12 November 2021
–  +5.5%
– Market index 639.9 vs 658.1 prior
– Purchase index 282.5 vs 278.4 prior
The drop in the past week stems from a sharp fall in refinancing activity, offset slightly by an increase in purchases. The long-term mortgage rate is keeping higher near

Merkel labels the COVID-19 situation in Germany as dramatic
She’s not exactly wrong as the 7-day incidence rate has surged up to a whopping 343.9 in the past 24 hours with the number of active COVID-19 cases fast approaching the 500,000 mark across the country.

The global economy is facing a ‚complicated time‘, says Goldman Sachs CEO, David Solomon, in an event in Singapore
On the issue, he says that the unprecedented levels of stimulus by governments and central banks have led to exuberance in certain markets. Adding that:

Remarks by ECB vice president, Luis de Guindos
here
The more dangerous risks associated with stagflation may not be a big threat now but persistently high inflation in itself is a problem that can’t be ignored.

Latest data released by Eurostat – 17 November 2021
A lagging data point but shows a modest bounce in construction output towards the end of Q3 but comes after a steeper drop in August. Supply and capacity constraints will keep more pressure on this in the months ahead.

Bitcoin dips below $60,000, first time since 1 November
The $60,000 mark will be one to watch going into the daily close as it holds a psychological importance but the 27-28 October lows around $58,000 will also be regarded as key technical support at the moment on the charts.

The greenback sits higher across the board, except against the pound
The dollar momentum may have cooled for a bit towards the end of last week and in the early stages of this week but it has certainly not let up especially with EUR/USD continuing to make fresh lows since July last year.

Latest data released by Eurostat – 16  November 2021
The preliminary report can be found . No change to the initial estimate, thus just reaffirming a modest expansion in terms of overall activity in the last quarter.