Thanksgiving and the World Cup, early TLTRO repayments due Weds

...TODAY

We get the flash PMIs this week but they don’t come until Wednesday and there isn’t much beforehand. That suggests a quiet start to the week, but it’s even worse given the approach of the US Thanksgiving holiday Thursday. Little if anything should be happening in dollar markets by Wednesday, and stateside participants will be trying to limit their exposure from the start of the week as they keep one eye on the turkey and the other on the clock.

That covers dollar markets, but there is also the World Cup to consider...