Today's economic calendar features crucial US retail sales figures and various industrial production readings. Market participants will closely monitor speeches from Fed and ECB officials. Markets are closed in Brazil for Republic Day and in India for Guru Nanak Jayanti. The UK economy cooled faster than expected in the third quarter, marking a disappointing start to Prime Minister Keir Starmer’s promise to turbocharge growth.
Gross domestic product rose 0.1% compared to the previous quarter, below the 0.2% gain forecast by economists, data from the Office for National Statistics showed on Friday. The economy unexpectedly shrank 0.1% in September alone.
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Open account Try demo Download mobile app Download mobile appEconomic Data Releases (Times in GMT):
07:00 - UK Data Releases:
- GDP (YoY) (Q3): actual 1% vs forecast 0.1%; previous 0.7%
- GDP (QoQ) (Q3): actual 0.1% vs forecast 0.2%; previous 0.5%
- Industrial Production (MoM) (Sep): actual -0.5% vs forecast 0.1%; previous 0.5%
- Manufacturing Production (MoM) (Sep): actual -1% vs forecast 0.0%; previous 1.1%
07:30 - Switzerland:
- PPI (MoM) (Oct): forecast 0.1% vs previous -0.1%
07:45 - France Data:
- CPI (MoM) (Oct): forecast 0.2% vs previous -1.3%
- HICP (MoM) (Oct): forecast 0.3% vs previous -1.3%
09:30 - UK:
- Labour Productivity (Q2): previous 0.1%
13:30 - US Data:
- Core Retail Sales (MoM) (Oct): forecast 0.5% vs previous 0.3%
- Retail Sales (MoM) (Oct): forecast 0.4% vs previous 0.3%
- NY Empire State Manufacturing Index (Nov): forecast -0.30 vs previous-11.90
- Export Price Index (MoM) (Oct): forecast -0.1% vs previous -0.7%
- Import Price Index (MoM) (Oct): forecast -0.1% vs previous -0.4%
- Retail Control (MoM) (Oct): previous 0.7%
13:30 - Canada:
- Wholesale Sales (MoM) (Sep): forecast 1.0% vs previous -0.6%
14:15 - US Industrial Production:
- Industrial Production (MoM) (Oct): forecast -0.3% vs previous -0.3%
- Industrial Production (YoY) (Oct): previous -0.64%
15:00 - US Additional Data:
- Business Inventories (MoM) (Sep): forecast 0.3% vs previous 0.2%
- Retail Inventories Ex Auto (Sep): forecast 0.5% vs previous 0.3%
18:00 - US:
- Atlanta Fed GDPNow (Q4): forecast 2.5% vs previous 2.5%
- Baker Hughes Oil Rig Count: previous 479
- Baker Hughes Total Rig Count: previous 585
20:30 - CFTC Positions Data (Previous readings):
- GBP speculative net positions: 45.1K
- Crude Oil speculative net positions: 196.1K
- Gold speculative net positions: 255.3K
- Nasdaq 100 speculative net positions: 16.1K
- S&P 500 speculative net positions: 113.4K
- AUD speculative net positions: 31.0K
- BRL speculative net positions: -12.5K
- JPY speculative net positions: -44.2K
- EUR speculative net positions: -21.7K
Market Holidays:
- Brazil - Republic Day
- India - Guru Nanak Jayanti
Central Bank Speakers:
- ECB's McCaul (11:30 GMT)
- ECB's Lane (15:00 GMT)
- Fed's Williams (18:15 GMT)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
