- At 11:00 GMT, the Mortgage Bankers Association (MBA) will release the weekly Mortgage Applications for the week ending October 18. The number has been contracting for three weeks in a row. No consensus view is available, with a contraction of 17% the prior week.
- At 13:00 GMT, Federal Reserve Governor Michelle Bowman delivers opening remarks at the Eight Annual Fintech Conference Hosted by the Federal Reserve Bank of Philadelphia.
- At 14:00 GMT, the Existing Home Sales for September are due, with expectations for a surge to 3.9 million units against 3.86 million units in August.
- At 16:00 GMT, Federal Reserve Bank of Richmond President Thomas Barkin speaks about community colleges at the 2024 Virginia Education and Workforce Conference.
- China’s indices are the last man standing in a pool of red in the equity markets.
- The CME Fedwatch Tool is backing a 25 basis point (bps) rate cut with an 88.9% probability against an 11.1% chance of no rate cut for the upcoming Fed meeting on November 7.
- The US 10-year benchmark rate trades at 4.22% and continues to rally for this week.
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