Focus will be on the political developments in the US and Germany - Danske Bank

Analysts at Danske Bank highlight today's key events, which might influence the price moves on Monday amid data-light economic docket. 

Key quotes:

“Given the few data releases today, investor focus will be on the political developments in the US and Germany. In the US, investors will focus on the implications of a shutdown of the US government on Friday, as the US senate failed to pass a short-term funding measure.”

“In the Germany, investors are likely to price in an increased likelihood of a grand coalition following SPD members yesterday giving their support for the party leadership to open formal coalition talks with the CDU/CSU on forming a new government.”