February 24, 2024
London, UK

Key Events in the Week Ahead 21/27-11-2022

PPI PMI Fed CPI

Ahead of a shortened week due to Thanksgiving, traders will focus on the fundamental data that will impact the next FOMC decision. Economists worry that the economy is heading into recession after the Leading Economic Indicators index dropped 0.8% as the conditions further deteriorated in October. That follows a 0.5% drop in September. It looks like the inflation has peaked but we can’t estimate if and when will come down, and Fed has assured that will stick with high-interest rates until the inflation goes down.

Investors’ focus will turn on the CPI data for November released on December 13 and the jobs report for November due on December 2; both figures will have a major impact on equities and forex markets.

On Monday there is no important announcement so the focus will be on corporate earnings.

Monday, November 21

Monday’s earnings reports: A DELL ZM SJM URBN

Tuesday, November 22

On Tuesday, Eurozone will report The November Consumer Confidence Flash and the Current Account for September.

USDCAD traders would focus on the Retail Sales for September in Canada.

Tuesday’s earnings reports: BHP MDT ADI VMW ADSK DLTR BIDU HPQ BBY WMG DKS JWN ANF

Wednesday, November 23 – PMI

Wednesday is a PMI day in Eurozone. In Germany, the November S&P Global Manufacturing, Service and Composite Flash PMI and the Eurozone data respectively.

France will report the November S&P Global Composite Flash PMI.

From the UK we will focus on S&P Global Manufacturing, Service and Composite Flash PMI for November.

In USA, the Durable Goods for October is expected at 0.3, the previous reading was at 0.4. The S&P Global Composite Flash PMI and the October New Home Sales –Units will also be reported. The University of Michigan Sentiment Final for November is expected at 54.7 the same as the previous month’s reading.

Fed will release the FOMC Minutes.

The Reserve Bank of New Zealand will announce its interest rate decision with analysts now split if the rates will be raised by 75 or 50 basis points.

Wednesday’s earnings reports: DE RADA STG CHEK

Thursday, November 24

On Thursday will be released the Ifo Business climate – Current Conditions and Expectations for November.

The Riksbank is expected to hike interest rates by 75 basis points to 2.50%.

Thursday’s earnings report: CIG CORZ TATT

Friday, November 25

Germany will be in the spotlight again as the GDP for the third quarter will be released, along with the Gfk Consumer Sentiment for December.

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