EU Services PMI Wednesday [Video]

Dukascopy Bank Team Dukascopy Bank SA

Italian Services PMI stats open the PMI run for November at 8:45 in the morning. Final French statistics will then be available five minutes later, followed by final German data at 8:55 AM. The whole bloc’s overview is then set for a publication at 9 o’clock. According to the flash report, index declined to 53.1, which is the lowest level in 25 months.
A couple of UK events follow at 9:30, including the release of the Services PMI for November. The pace of services sector expansion slowed down in October as the index dropped to 52.2.
UK Financial Policy Committee Meeting Minutes will be also available at the same time.
Euro zone Retail Sales for October continue the data run at 10 AM. Sales were flat in September after gaining point 3% towards the end of the summer.
The high importance Bank of Canada monetary policy announcement is up next at 7 PM GMT. Overnight rate was hiked to 1.75% during the previous meeting and the central bank noted that the global economic outlook remains solid.
US Federal Reserve Beige Book will be released at 7 PM GMT.
And a couple of Australian publications for October are out at a half past noon, including the high importance retail trade release. The seasonally adjusted measure showed retail sales growing by point 2% in September and this was the second monthly rise in a row.
Trade Balance is the other and the final item on this agenda. Surplus expanded in September, rising above the three billion mark for the first time sine early 2017.

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Dukascopy Bank Team

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