Next week, the market will watch the international trade news and economic data from the US and China.
1. Reserve Bank of New Zealand meeting
2. A large block of economic statistics from China and the UK
3. Speech by Fed Chairman Jerome Powell
4. US Inflation and Retail Sales Report
Last week, the economic calendar had quite a few important news. The main driver of the market movement was the news of geopolitics. Investors are closely following the trade negotiations between the United States and China. Most likely, news in the field of international trade will retain their priority influence on the market in the coming week. But, in the next five days, there will also be significant enough events in the economic calendar that can affect trading.
Here you can highlight a large block of economic statistics from the UK and China, a meeting of the Reserve Bank of New Zealand, a speech by Fed Chairman Jerome Powell and the publication of reports on inflation and retail sales in the United States.
Monday, November 11th
The UK publishes a large block of economic statistics: preliminary GDP data for the 3rd quarter, industrial output, manufacturing output, trade balance report
Tuesday November 12th
UK will publish labor market data
ZEW Institute Indexes Pending In Germany
Wednesday, November 13
Reserve Bank of New Zealand will announce the decision on the interest rate
UK will publish inflation report
United States is expected to publish data on the consumer price index and a speech by Fed Chairman Jerome Powell.
Thursday, November 14th
Japan will publish preliminary data on GDP growth for the 3rd quarter
Australia will publish a report on the labor market
China will publish a large block of statistics: data on the labor market, industrial production and investment in fixed assets
Germany will publish preliminary data on GDP growth for the 3rd quarter
UK publishes retail sales report
In the United States will be published producer price index
Friday November 15th
Europe expected to publish inflation report
United States Presents Retail Sales Report