Key Macroeconomic Data and Fed Speeches in Focus
The European market is set to witness a slew of key macroeconomic data releases, with investors eagerly awaiting retail sales data from Germany and Switzerland, as well as inflation indicators from France, Italy, and the eurozone. The main event, however, will be the publication of the eurozone Consumer Price Index (CPI), which is not expected to influence the European Central Bank’s (ECB) policy decisions.
European Market Data Releases
In the European market, the following data releases are expected:
- Germany’s import prices and retail sales for September
- Turkey’s foreign trade balance for September
- UK’s Nationwide House Price Index for October
- Hungary’s Producer Price Index (PPI) for September
- Switzerland’s retail sales for September
- France’s preliminary consumer inflation and PPI for October
- Poland’s preliminary CPI for October
- Italy’s preliminary CPI for October
- Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) for October
North American Market Data Releases
In the North American market, the following data releases are expected:
- Canada’s monthly GDP for August, forecasted at 0% compared to 0.2% in the previous period
- US Federal Reserve officials’ speeches, including those by Logan, Bostic, and Hammack, which may confirm that no interest rate cuts are planned at the Fed’s December meeting
US Fed Speeches and Data Releases
The US Federal Reserve officials’ speeches are expected to influence market sentiment, with Logan, Bostic, and Hammack known for their hawkish stance. Other notable data releases in the US include:
- Dallas Fed President Lorie Logan’s speech
- Chicago PMI for October
- Atlanta Fed President Raphael Bostic’s speech
- Cleveland Fed President Beth Hammack’s speech
- Rig Count (oil market) for the week
Company Calendar
The company calendar is also filled with notable events, including:
- Exxon Mobil Corporation’s earnings report
- Abbvie Inc.’s earnings report
- Chevron Corporation’s earnings report
- Linde plc’s earnings report
- Aon plc’s earnings report
Conclusion
In conclusion, the day ahead is packed with key macroeconomic data releases and speeches from US Federal Reserve officials. Investors will be closely watching these events, which are expected to influence market sentiment and inform their investment decisions. With a plethora of data releases and speeches, it promises to be an exciting and potentially volatile day in the markets.
