Economic calendar: Michigan report, will consumer sentiment fall lower again? 🔔

10:30 am 22 November 2023

  • US durable goods orders for October
  • Inflation and consumer expectations report from the University of Michigan
  • Speeches by several central bankers

Today, futures contracts on stocks indicate a slightly higher opening for the cash session in Europe, with the DAX gaining 0.10% to 15970 points. Investors are set to receive several interesting publications throughout the day.

In the first part of the day, retail sales and consumer sentiment data from Poland will be available, alongside a speech from the Reserve Bank of Australia's Chair, Michele Bullock. Later, the focus shifts to the US with a report on durable goods orders for October, expected to show a month-over-month decline of -3.1%. Following this, US unemployment benefit claims for the last week are anticipated to be slightly lower at 226,000 compared to 231,000 the previous week. Additionally, the University of Michigan report is predicted to reveal a further deterioration in consumer moods, with consumer sentiment expected to drop to 60.4 in November from 63.8 the previous month.

Detailed Agenda for the Day:

  • 9:00 AM GMT, Poland - Retail Sales and Construction Output Data for November:
    • Retail Sales YoY: Expected 4.5% YoY; previously 3.6% YoY
    • Construction and Assembly Production: Expected 10.5% YoY; previously 11.5% YoY
  • 1:30 PM GMT, USA - Durable Goods Orders:
    • Expected: -3.1% MoM; previously 4.6% MoM
    • Excluding transport: Expected 0.1% MoM; previously 0.4% MoM
  • 1:30 PM GMT, USA - Unemployment Benefit Claims:
    • Expected 226k; previously 231k
  • 3:00 PM GMT, USA - University of Michigan Report for November:
    • Consumer Sentiment: Expected 60.4; previously 63.8
    • 1-Year Inflation: Expected 4.4% YoY; previously 4.2% YoY
    • 5-Year Inflation: Expected 3.2% YoY; previously 3.0% YoY
  • 3:30 PM GMT, USA - EIA Report on Energy Commodity Stocks Changes

Central Bankers' Speeches:

  • 8:35 AM GMT - Australia, RBA Chair Michele Bullock
  • 4:00 PM GMT - Germany, Bundesbank President Joachim Nagel
  • 4:10 PM GMT - Eurozone, ECB Member Frank Elderson
  • 4:30 PM GMT - Canada, BoC Governor Tiff Macklem

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world.