Today, November 12, 2024, is packed with significant economic data releases and speeches from various regions.
In New Zealand, electronic card retail sales increased by 0.6% month-over-month, signaling a slight improvement in the retail sector.
In Australia, the NAB Business Confidence Index rose from -2 to 5 in October, indicating a more optimistic outlook among businesses.
In the U.K., the average earnings index (including bonuses) is expected to grow by 3.9% year-over-year, while the unemployment rate may rise to 4.1%, pointing to slight labor market weakness.
In Germany, the annual CPI is anticipated at 2.0%, with the monthly CPI forecasted at 0.4%, reflecting persistent inflationary pressures.
In Turkey, retail sales data for September will be released, with annual growth expected at 13.3% and monthly growth at 2.2%.
In Europe, Germany’s ZEW Current Conditions Index and ZEW Economic Sentiment Index are key indicators for understanding the current state and outlook of the German economy. The ZEW Economic Sentiment Index for November is expected to rise slightly to 13.2, while the broader ZEW Economic Sentiment Index is forecasted to increase to 20.5, suggesting improving investor confidence.
In the U.S., the OPEC Monthly Report will draw attention from energy markets, potentially influencing crude oil prices. Additionally, speeches from Fed members Waller and Kashkari are expected to provide further insights into the Federal Reserve’s monetary policy outlook.
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