Wednesday, 29 November 2017

Things To Look Out For Today - Events & Data (Ldn Times)

Asia
21:45pm    - NZ Building Permits
23:00pm    - SK Industrial Production
23:50pm    - JN Industrial Production
00:00am    - BOJ Iwata makes a speech in Tokyo
00:00pm    - NZ ANZ Activity Outlook
00:00pm    - NZ ANZ Business Confidence
00:00am    - AU HIA New Home Sales
00:30am    - AU Private Sector Credit
00:30am    - AU Building Approvals
00:30am    - AU Private Capital Expenditure
01:00am    - CH Manufacturing PMI
01:00am    - CH Non-Manufacturing PMI
01:30am    - BOJ Harada makes a speech in Fukushima
02:00am    - CH Bloomberg Nov China Economic Survey
04:00am    - JN Vehicle Production
05:00am    - JN Housing Starts
05:00am    - JN Construction Orders


Europe:
00:01am    - UK GfK Consumer Confidence
06:45am    - SWI GDP
07:00am    - GER Retail Sales
07:00am    - DEN GDP
07:00am    - DEN Unemployment Rate
07:00am    - FIN Trade Balance
07:00am    - UK Nationwide House Prices
07:45am    - FRA CPI
08:00am    - SWI KOF Leading Indicator
08:00am    - SPA GDP
08:55am    - GER Unemployment Change
09:00am    - ITL Unemployment Rate
10:00am    - EUR Unemployment Rate
10:00am    - EUR CPI
11:00am    - ITL PPI
14:00pm    - BOE's Carney Speaks at FMSB Event in London
14:45pm    - BOE's Ramsden Speaks at FMSB Event in London
1`7:00pm   - Bundesbank President Jens Weidmann Speaks in Essen


US
13:30pm    - CAD Current Account Balance
13:30pm    - US Initial Jobless Claims
13:30pm    - US Continuing Claims
13:30pm    - US Personel Income
13:30pm    - US Personel Spending
14:45pm    - US Chicago Purchasing Manager
18:00pm    - Fed's Kaplan Speaks in Dallas


Market focus this Morning...
-Dow rises 103 points, notches record close as Street bets on strong economy. The U.S. economy has picked up steam this year, growing at an annualized rate of more than 3 percent each of the past two quarters. The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions.
-US Treasury yields rise after GDP data tops estimates, Yellen warns of public debt. Economic growth in the third quarter grew faster than expectations, coming in at 3.3 percent, its fastest pace in three years. Current Federal Reserve Chair Janet Yellen told Congress that she's worried about the ballooning national debt.
-Bundesbank Head Weidmann said recent economic indicators do not suggest that the difficult process of forming a government has noticeably clouded sentiment. He also signalled that the ECB will revise their growth forecasts higher at next month’s meeting.
-San Francisco Fed Governor Williams: should continue to hike rates slowly over the coming years. Not increasing rates to normal levels risks recession. Expects 2.5% GDP growth in 2017 and at a slower pace over the next few years.
-Bitcoin punched through the $11,000 barrier on Wednesday, after blasting through $10,000 a day earlier, amid speculation over how much higher the cryptocurrency can go and growing concerns over a bubble.
-The pending home sales index, which measures signed contracts to buy existing homes, rose 3.5 percent for the month, but is still 0.6 percent lower than October 2016.
-US GDP - Annualized Q/Q (Q3 S) +3.3% vs +3.2% exp, pvs +3.0%: Personal Consumption +2.3% vs +2.6% exp, pvs +2.4%. GDP Price Index +2.1% vs +2.2% exp, pvs +2.2%. Core PCE +1.4% vs +1.4% exp, pvs +1.3%.

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