Economic calendar: another central banks' decision day 🔎

• Interest Rate Decisions in the UK, Switzerland, Norway, and the Eurozone
• Retail Sales in the USA

Today's macro calendar is filled with important events. Investors will learn about the latest decisions from central banks, including the ECB from the Eurozone, the BoE from the UK, Norges Bank from Norway, and the SNB from Switzerland. In all these banks, interest rates are expected to remain unchanged. However, market attention will focus on the speeches of the bankers and the search for confirmation of a dovish stance similar to yesterday's Fed. Nevertheless, after yesterday's decision, today's events are unlikely to have a major impact on global markets, but local economic volatility may be noticeable.

Later, retail sales data for November from the US will be published. A slight slowdown of -0.1% compared to the previous month is expected. US retail sales have noticeably slowed down since 2021 in real terms. However, considering the significant increase in 2020, current values are more returning to a normal trend while still remaining in a long-term upward trend.

Detailed Agenda for the Day:

• 9:30 AM GMT - SNB Decision, Swiss Bank; expected to keep interest rates unchanged at 1.75%

• 10:00 AM GMT - Norges Decision, Bank of Norway; expected to keep interest rates unchanged at 4.25%

• 1:00 PM GMT - BoE Decision, Bank of England; expected to keep interest rates unchanged at 5.25%

• 2:15 PM GMT - ECB Decision, EU Bank; expected to keep interest rates unchanged at 4.50%

• 2:30 PM GMT - USA, Retail Sales Data for November:

  • Retail Sales: expected -0.1% MoM; previously -0.1% MoM
  • Excluding Autos: expected -0.1% MoM; previously 0.1% MoM

• 2:30 PM GMT - USA, Jobless Claims for the Last Week; expected 222k; previously 220k