After the drama of Tuesday's U.S. elections, global investors this week will continue to predict the impact of the President-elect's arrival at the White House on different asset classes and attempt to separate the equity winners from losers.
(This week enthusiasm about Trump's planned infrastructure spending spree boosted commodity prices, and therefore mining stocks, and hopes he will peddle back on banking regulation lifted that sector. Defense stocks were also an early gainer, whereas bond prices have been hammered by worries his spending will stoke inflation).
In Europe the uncertainty about Trump's Presidency comes amid a background of still-weak eurozone growth and GDP figures from Germany and Italy on Tuesday will confirm that the recovery of the bloc as a whole remains fragile.
The two countries' third-quarter GDP reports come after quarterly estimates from France and Spain and after the EU's statistics arm estimated that the eurozone as a whole expanded by 0.3% in the third quarter, and by 1.6% year-on-year, unchanged from the second quarter.
Credit Suisse expects the German economy, which is perceived as the growth engine for the whole region, grew at a pace of 0.4% quarter-on-quarter, and 1.8% year-on-year, unchanged from the second quarter, with Italy expanding by just 0.2% quarter-on-quarter after second-quarter stagnation.
Eurostat will also give a second estimate for eurozone growth on Tuesday
On Thursday final eurozone inflation data is expected to confirm an annual rate of October price growth of 0.5%.
Banking investors will be watching the events at the Frankfurt European Banking Congress on Friday for clues about how that sector will develop. Deutsche Bank (DB) CEO John Cryan, pictured, and Commerzbank (CRZBY) chairman Martin Zielke are among the speakers. At a recent banking pow-wow in Frankfurt over the summer, Cryan sparked several days of excitement by advocating mergers in the sector across Europe. It emerged at the time Deutsche Bank had held abortive merger talks with Commerzbank. Since then interest in Deutsche Bank has intensified with news it is attempting to negotiate lower a threatened $14 billion fine from the Department of Justice related to mortgage-backed securities it sold before the credit crisis.