Today’s economic calendar is relatively light. We still don’t have government economic releases, and the U.S. government shutdown has already lasted a record-long period.
The most important items today will likely be public speeches by Fed officials. We’ll hear from Williams of the New York Fed and Fed Vice Chair Jefferson. In addition, we’ll get labor market data from Canada which, while important, will have a limited impact on global financial markets. Next, we’ll see the University of Michigan inflation expectations report.
Detailed calendar for the day:
08:00 AM GMT, United States - FOMC Member Williams Speaks
11:00 AM GMT, United States - FOMC Member JeffersonSpeaks
12:00 PM GMT, Germany - German Buba President Nagel Speaks
01:30 PM GMT, Euro Zone - ECB's Elderson Speaks
01:30 PM GMT, Canada - Employment Data for October:
- Full Employment Change: previous 106.1K;
- Employment Change: forecast -5.0K; previous 60.4K;
- Part Time Employment Change: previous -45.6K;
- Unemployment Rate: forecast 7.1%; previous 7.1%;
- Participation Rate: previous 65.2%;
- Avg hourly wages Permanent employee: previous 3.6%;
03:00 PM GMT, United States - University of Michigan inflation report for November:
- Michigan 1-Year Inflation Expectations: previous 4.6%;
- Michigan 5-Year Inflation Expectations: previous 3.9%;
- Michigan Consumer Expectations: forecast 50.3; previous 50.3;
- Michigan Consumer Sentiment: forecast 53.0; previous 53.6;
- Michigan Current Conditions: forecast 59.2; previous 58.6;
03:15 PM GMT, United Kingdom - BoE MPC Member Pill Speaks
BREAKING: University of Michigan sentiment declines! 📉
Germany's exports and imports rise above expectations
Morning wrap (07.11.2025)
Daily summary: Optimism on Wall Street eases again🗽US Dollar drops from recent highs
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