- European indices are opening without a clear direction, showing minor fluctuations
- Today, it will be worthwhile to observe bankers' speeches
- Data on unemployment benefits
Today's macro calendar is quite full. In the first part of the day, investors had the opportunity to familiarize themselves with China's inflation data for October. Overall, the report turned out to be more or less in line with expectations. The CPI inflation was at -0.2% YoY, coming in slightly lower than the expected -0.1% YoY. Meanwhile, producer prices (PPI) fell by -2.7% YoY against the forecasted reading of -2.6% YoY.
In the second part of the day, the most important events will likely be speeches from bankers, which may provide more information on the monetary policy in the coming months. Today, Jerome Powell will speak again and may address the macroeconomic situation in more detail during a policy panel at the annual research conference in Washington. Yesterday, the Fed Chairman did not want to refer to economic issues and monetary policy.
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Open account Try demo Download mobile app Download mobile appDetailed agenda for the day:
1:30 PM GMT - USA, applications for unemployment benefits for the last week:
- Expectations 217k; previously 217k
Bankers' speeches:
- 8:35 AM GMT - Japan, BoJ Governor Ueda
- 2:00 PM GMT - Poland, NBP President Adam Glapiński
- 2:30 PM GMT - USA, FOMC Board Member Bostic
- 4:00 PM GMT - USA, FOMC Board Member Barkin
- 5:30 PM GMT - EU, ECB President Lagarde
- 7:00 PM GMT - USA, Fed Chairman Jerome Powell
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