The latest projections by the economic advisers to the German government
– 2021 GDP seen at +2.7% (previously +3.1%)
– 2022 GDP seen at +4.6% (previously +4.0%)
Their previous projections came in March, so that is pretty much irrelevant at this stage considering the change in circumstances over the past few months especially amid supply bottlenecks and rising

According to sources cited by Chinese media outlet, Cailianshe
It is reported that some Chinese state-owned firms have told regulators to consider adjusting the ‚three red lines‘ on lending restrictions to property developers in order to facilitate mergers and acquisitions within the space.

NIESR with their latest projections on the UK economy

Latest data released by NFIB – 9 November 2021
With the overall situation unlikely to abate in the months ahead, expect that to weigh further on overall activity going into next year at least.

European indices inch higher while US futures pare early declines 
Major European indices are up around 0.1% to 0.2% with the French CAC 40 briefly clipping a record high of 7,067.50 on the session.

Latest data released by ZEW – 9 November 2021
As for the improvement to the outlook, ZEW notes that market experts are more optimistic about things in the next six months – expecting growth to pick up again and inflation to fall in both Germany and across the Eurozone.

Not a whole lot happening so far today
Besides some action in the and , major currencies are largely more subdued with EUR/USD holding around 1.1590-00 for the most part and commodity currencies also barely budging against the dollar so far today.

Tesla down on Elon Musk shenanigans but broader sentiment recovers
Tech was an early drag at the start of the day but Nasdaq futures have managed to turn around a 0.4% drop to flat levels now. In turn, S&P 500 futures are also up a touch by 0.1% and getting closer to the 4,700 mark.

Powell scheduled to speak at 1530 GMT
He is due to deliver the opening remarks at the ‚Gender and Economy Conference‘, hosted by the Fed later today. The conference is centered around exploring how gender and opportunity influence economic and financial outcomes over an individual’s lifetime.

Latest data released by Sentix – 8 November 2021
The current conditions index fell from 26.3 in October to 23.5 in November though, its lowest figure since June but the expectations index moved up from 8.0 to 13.3.