Dukascopy Bank Team
Dukascopy Bank SA
A couple of publications open this agenda at 7 o’clock in the morning and the UK Nationwide House Price Index for November is one of them. Prices were flat in October after rising by a downwardly revised point 2% in September.
German Retail Sales for October is the other release scheduled at 7 AM. Sales were up by one tenth of a percent month on month in September and this follows two months in the red.
Swiss KOF Economic Barometer for November follows an hour later. Barometer slipped in October to 100.1 and it has been hovering around its long term average for most of this year.
Then we have a couple of updates regarding the Euro Zone economy at 10 AM, including Flash inflation stats for November. Annual inflation accelerated to 2.2% in October, which is the highest level since 2012.
Euro Zone Unemployment Rate for October is the other publication out at this time. Jobless rate was unchanged at 8.1% in September, but markets mostly expect it to edge lower this time around. Canadian Gross Domestic Product for September could shake up the Loonie Dollar at 1:30 PM GMT. Real gross domestic product rose for a seventh consecutive month, edging up by one tenth of a percent in August. Growth was concentrated in oil and gas extraction and finance and insurance. Canadian Industrial Product and Raw Materials Price Indexes for October will be published at the same time. Industrial product prices rose by one tenth of a percent in September, while Raw Material Prices dropped by close to 1%.
US Chicago PMI For November wraps up this calendar at a quarter to 3 PM GMT. Business barometer has now declined for three months in a row. New orders were at the lowest level since early 2017 and delivery times were up to the longest in more than a decade.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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