With improving US labor market chances of the interest rates hike in December higher and higher. The unemployment rate declined to a 7,5 year low of 5.0%. Non-Farm Employment Change for October shows the very good results. If nothing unexpected will happen in the nearest month, most probably in December FOMC will vote for interest rates raise. So, the next events we will see on the coming week:
(All times are GMT)
On Wednesday, at 9:30am we are expecting Average Earnings Index Claimant Count Change from UK Office for National Statistics.
At 10:30am Bank of England Governor Mark Carney speaks along with other MPC members about the Inflation Report at a press conference in London.
At 1:15pm ECB President Draghi Speaks at the Bank of England’s Open Forum 2015, in London.
On Thursday, at 12:30am Labor market news from Australian Bureau of Statistics – Employment Change and Unemployment Rate.
At 1:30pm US Department of Labor will announce number of Unemployment Claims – the number of individuals who filed for unemployment insurance for the first time during the past week.
At 2:30pm Federal Reserve Chair Janet Yellen speaks at the Conference on Monetary Policy Implementation and Transmission in the Post-Crisis Period, Washington DC.
At 8:30pm ECB President Mario Draghi speaks about monetary policy at the European Parliament, in Brussels.
At 10:30pm ECB President Mario Draghi speaks about his capacity as Chairman of the European Systemic Risk Board at the European Parliament, in Brussels.
On Friday, at 7:00am Destatis will announce German Preliminary GDP.
At 1:30pm US Census Bureau will issue statistics about monthly Retail Sales and Core Retail Sales.
The same time, at 1:30pm we will get US Producer Price Index (PPI) from Bureau of Labor Statistics.
At 3:00pm information about US Preliminary Consumer Sentiment will be provided by University of Michigan (UoM)
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