The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Euro zone producer price inflation adds at the slowest pace in 2017
In June, euro zone prices at factory gates headed north at their slowest pace in 2017, lifting the prospect of an ongoing easing of consumer inflation later this year, according to data published by the European Union's statistics office on Wednesday.
Eurostat informed that industrial producer prices in June, in the European Union leapt 2.5% on the year, tumbling from May’s upwardly revised 3.4% soar as well as a 4.3% ascend in April.
June’s reading turned to be the lowest outcome in 2017, hinting that inflationary pressures are going down, complicating the ECB’s plans to start a gradual tightening of its monetary policy already in autumn.
In July, headline inflation stood still sticking to 1.3%, which is far from its 2% ascend hit in February, as preliminary estimates issued by Eurostat state. The ECB's objective is for an inflation rate below, though close to 2%.
Notwithstanding the monthly easing, producer prices soared on the year by more than predicted by financial experts surveyed by Reuters, who had forecast a 2.4% leap in June.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!