Economic calendar: European CPI data in the spotlight

8:06 AM 28 November 2019
  • Preliminary CPI data from Spain and Germany for November

  • Numerous US markets to be either shut or trade shorter today due to Thanksgiving Day holiday

The US stock markets will remain shut today for the Thanksgiving Day holiday. However, session on some futures market will take place but will be shortened. US30, US100, US500, US2000, USFANG, TNOTE as well as precious metals will finish trading at 6:00 pm GMT. Trading will not take place on agricultural commodities like CORN, SOYBEAN, WHEAT, COTTON, SUGAR, COCOA and COFFEE. Sector indices - USCHN, USBIOT, USGAME and USMEDIA - will not trade as well.

8:00 am GMT - Spain, CPI inflation for November. Expected: 0.4% YoY, previous: 0.1% YoY

8:30 am GMT - Sweden, retail sales for October. Expected: 3.1% YoY, previous 2.6% YoY

10:00 am GMT - Euro area, pack of of survey gauges for November. A pack of the European survey gauges concerning various sectors of the economy will be released today. This are rarely market movers but given that today’s calendar is scarce, investors may pay more attention to it. Improvement is expected all across the board with services being the sole exception.

1:00 pm GMT - Germany, CPI inflation for November. Germany is the biggest euro area economy therefore data from this country often sets the tone for the EU reading (release on Friday at 10:00 am GMT). Preliminary Germany reading for November will be released today at 1:00 pm GMT and is expected to show an acceleration to 1.3% YoY to 1.1% YoY.

1:30 pm GMT - Canada, current account balance for Q3 2019. Expected: -C$9 billion, previous: -C$6.38 billion

Central bankers’ speeches

  • 3:30 pm GMT - ECB’s de Cos

  • 4:35 pm GMT - ECB’s Coeure

  • 8:00 pm GMT - ECB’s Lane

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