At the FOMC meeting was decided not to raise interest rates. Despite the words of Janet Yellen that rate hike is still expected later this year, fewer and fewer economists believe that it will happen during this year. And everybody understands that a lot will depend on how the situation develops. So, here is the most important news in the next week:
On Tuesday, at 8:30am UK Office for National Statistics will announce CPI (Consumer Price Index) data.
At 9:00am German ZEW Economic Sentiment will show us the mood of of about 275 German institutional investors and analysts. Despite it plunged in September to the lowest level in 10 months, analysts forecast economic sentiment will decline further.
On Wednesday, at 8:30am data from UK labor market – Claimant Count Change and Average Earnings Index, will be published.
At 12:30pm we will expect Core Retail Sales from US Census Bureau.
The same time, (12:30pm) US Bureau of Labor Statistics will announce Producer Price Index (PPI).
On Thursday, at 12:30am we are waiting information from Australian Bureau of Statistics – Employment Change and Unemployment Rate will be announced.
At 12:30pm information about Consumer Price Index (CPI), showing the inflation level, will be distributed by US Bureau of Labor Statistics.
At 12:30pm weekly Unemployment Claims will be issued by US Department of Labor.
At 2:00pm US Philly Fed Manufacturing Index will show us business activity level in the manufacturing sector.
At 9:45pm Statistics New Zealand will inform about Consumer Price Index level.
On Friday, at 12:30pm monthly Manufacturing Sales data will be announced by Statistics Canada.
At 2:00pm we expect Preliminary UoM Consumer Sentiment level from US.