UK Unemployment Data Tuesday [Video]
|A potential Sterling mover is out first at 8:30 in the morning, when UK employment data for September is out. Previous report showed unemployment rate remaining at a multi decade low of 4% and it’s expected to stay level this time around as well. Euro Zone and German ZEW Surveys for October follow a half an hour later. Previously economic expectations indicators remained in the negative territory in both Germany and the whole bloc, but the pace of declines has eased back. Euro Zone trade balance for August will be available at the same time. The seasonally adjusted measure took a hit in July, dropping by close to 4 billion Euros. US data run then starts at a quarter past 1 PM GMT with the September Industrial Production stats. NAHB Housing Market Index update for October will be available at 2 PM and Treasury International Capital Data then wraps up the run at 8 PM. According to the US Department of the Treasury, net foreign purchases of long-term securities were $74.8 billion when taking into account transactions in both foreign and US securities. Australian Wesptac MI Leading Index for August wraps up this agenda at a half past 11 PM. The index rose fractionally in July after staying level in June.
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