A lower-than-expected CPI reading on Thursday adjusted analysts’ expectations for the upcoming FOMC as most of them expect that the Fed will proceed with a 50 basis points hike in December. Stocks enjoyed a strong rally the last two days of the trading week, while in the crypto world we are watching the FTX collapse while traders trying to evaluate what will be the implications to the broader crypto market.
Monday, November 14
The week kicks of with the Japanese third quarter preliminary GDP data and the September Industrial production data from the Eurozone.
Here are some of the companies that will report earnings on Monday: TSN NU MNDY
Tuesday, November 15
On Tuesday we have the UK September ILO Unemployment Rate. The expectations are for 3.6% from 3.5% in the month of August, the lowest level since 1974.
October CPI data will be released from Spain and Sweden.
In Eurozone, the third quarter GDP Flash Estimate and the September Total Trade Balance will be released.
In the USA the October PPI is expected at 8.4 on yearly basis from 8.5 in September. The core PPI is forecasted at 7.2 same as the previous month.
From Australia, the RBA minutes will be released. RBA hiked rates by 25 bps on November 4, to 2.85%.
Tuesday’s earnings report: WMT HD BHP ARMK DNUT ENR
Wednesday, November 16
Wednesday is a big day for GBPUSD as the UK Core CPI and CPI for October will be reported which was at 10.1% in September.
In the USA the October retail sales are expected at 0.9% higher than the previous reading of 0.8%. The Industrial Production for October is forecasted at 0.2 from 0.4 in September.
The NAHB Housing index for November is expected at 36 down from 38 in October.
In Canada, the October CPI inflation will be released.
Wednesday’s earnings report: NVDA CSCO LOW TJX TGT GRAB HP
Thursday, November 17
Thursday it is a CPI day in Eurozone.
In the USA the Housing starts for October is expected at 1416 from 1439 in September. The Initial Jobless Claims are expected at 230,000 from 225,000.
Thursday’s earnings report: BABA PANW KEYS M GPS
Friday, November 18
In the USA we have the October existing home sale with expectations at 4.38 mn from 4.71 mn in September.
In the UK the October retail sales is expected at -7.2 from -6.9%.
Friday’s earnings reports: JD FL ACER SPB TWST
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