On Monday, November 18, 2024, key economic events include the release of New Zealand’s Producer Price Index (PPI) Input data, which revealed a 1.9% increase in the third quarter, significantly exceeding the 1.0% forecast. This indicates stronger-than-expected growth in producer prices, reflecting heightened production costs.
In Australia, a speech by RBA Deputy Governor Kent is expected to provide valuable insights into the Reserve Bank of Australia’s monetary policy and the broader economic outlook.
In the Eurozone, a series of speeches from prominent figures, including Bundesbank President Nagel, ECB Vice President De Guindos, Bundesbank Executive Board Member Mauderer, and ECB Chief Economist Lane, will draw attention. Additionally, the release of September’s trade balance data, forecasted to show a surplus of €7.9 billion, could highlight the region’s trade performance.
In Canada, key releases include housing starts, anticipated to reach 239,000 units, and foreign securities purchases, forecasted at 10.50 billion CAD. These figures will provide insights into housing market activity and international investment flows.
In the UK, the NIESR Monthly GDP Tracker will give an early estimate of the country’s economic growth rate, offering valuable information about the health of the UK economy.
Toward the end of the day, a speech by ECB President Lagarde is expected to provide critical guidance on the Eurozone’s economic direction and monetary policy outlook.
In summary, today’s data releases and speeches are likely to influence currency exchange rates, stock markets, and other financial instruments, with a particular focus on producer prices in New Zealand, housing and investment trends in Canada, and Eurozone trade and policy developments. Investors are advised to closely monitor these events for potential market impacts.
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