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Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectation declined to 3.6 percent in November, down from 4 percent in October. The unemployment rate unchanged at 5 percent in October, despite a 0.2 percent increase in the participation rate as the economy added 32,800 new jobs in the month.
- China: House price index rose to 8.6 percent y/y in October.
Upcoming:
- United Kingdom: Retail sales report will be released at 9:30 GMT. MPC member Tenreyro is set for a speech at 13:00 GMT.
- Eurozone: September trade balance report will be released at 10:00 GMT. ECB’s Praet is set for a speech at 13:10 GMT.
- United States: NY empire state manufacturing report will be released at 13:30 GMT, along with retail sales report, weekly jobless claims report, terms of trade report, and Philadelphia Fed manufacturing report. EIA will release weekly natural gas inventory report 15:30 GMT, followed by oil inventory report at 16:00 GMT. Fed’s Powell is set for a speech at 16:30 GMT, and Bostic at 18:00 GMT.
- New Zealand: Business PMI report will be released at 21:30 GMT.
