- November 18, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
- Producer Price Index and Core (EUR, GMT 07:00) – The October PPI gains are seen at 0.9% m/m from 2.3% m/m last month.
Tuesday – 22 November 2022
- Retail Sales (CAD, GMT 13:30) – Canadian Retail Sales for September is expected to have increase to 0.2% m/m from 0.7% m/m, while core at 0.4%m/m from 0.7%m/m.
- Speeches: FOMC Member Mester, BoC Senior Deputy Governor Rogers, FOMC Member George, FOMC Member Bullard
Wednesday – 23 November 2022
- Event of the Week – Interest Rate Decision & Statement (NZD, GMT 01:00) –The RBNZ is likely to move fast to regain some control over the future path of inflation and to deliver another 75bp hike to 4.25%, after lot of hakwish signals in October. New Zealand inflation still near 32 year high. The headline rates eased slightly, but at 7.2% was much higher than anticipated in the third quarter, which is re-enforcing rate hike expectations. The Reserve Bank doesn’t see inflation returning to the 1-3% bank until mid 2024 even with a record high Official Cash Rate.
- Markit PMIs (EUR, GMT 09:00) – The prelim. November Composite PMIs for Europe is expected 47 from 47.3.
- Markit PMIs (GBP, GMT 09:30) – The prelim. November Services PMIs for UK is expected unchanged at 48.8.
- Durable Goods (USD, GMT 13:30) – Durable Goods orders are expected to rise 0.3% in October with a flat figure for transportation orders, after a 0.4% headline rise in September that included a 2.2% transportation orders increase. Durable orders ex-transportation are pegged to rise 0.5%, after a -0.5% September decrease. Defense orders are expected to grow 3.8%, following a -14.4% September drop. Boeing orders bounced to 122 planes from an already firm 96 in September, versus July’s 130 from the Farnborough Air Show and a 3-year high of 219 in June of 2021.
- FOMC Minutes (USD, GMT 19:00) – The FOMC Minutes report provides the FOMC Members’ opinions regarding the US economic outlook and any views regarding future rate hikes.
Thursday – 24 November 2022
- IFO Business Climate, Assessment & Expectations (EUR, GMT 09:00) – The German IFO Business Climate is forecasted to rise to 85 in November from 84.3.
- Retail Sales (NZD, GMT 21:45) – The Q3 Retail Sales is anticipated to show a slight growth at 3.5% q/q from 3.4 q/q.
Friday – 25 November 2022
- Gross Domestic Product (EUR, GMT 07:00) – German GDP for Q3 is expected unchanged at 0.3% q/q and headline at 1.1% y/y.
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Andria Pichidi
Market Analyst
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