Good Morning Traders! This Friday we get German GDP and German IFO data.
Here is what to expect.
Sentiment
For the first time in four months, Japan's primary inflation indicator increased, mostly in line with market expectations that price increases will continue. This increased the Bank of Japan's reliance on data in front of its December policy meeting.
The majority of the drop in oil prices was caused by the OPEC+ alliance having to postpone a crucial meeting due to disagreements over output limits, which raised doubts about the organization's production strategy for the upcoming year.
According to a survey, consumer confidence in the UK increased in November, and households were more inclined to spend big money before Christmas.
President Xi Jinping's patience for suffering in the real estate sector is running low, as evidenced by China's increasing pressure on banks to help struggling real estate developers.
Docket
02:00 AM ET
German GDP Final YoY NSA
Median Forecast -0.8% | Prior -0.8% | Range -0.4%/-0.9%
German GDP Final QoQ
Median Forecast -0.1% | Prior -0.1% | Range -0.1%/-0.2%
04:00 AM ET
German IFO Expectations
Median Forecast 85.9 | Prior 84.7 | Range 86.8/84.0
German IFO Current Conditions
Median Forecast 89.5 | Prior 89.2 | Range 90.0/88.5
German IFO Business Climate
Median Forecast 87.5 | Prior 86.9 | Range 89.7/86.2
Speakers
05:00 AM ET
ECB's President Lagarde Speaks
Good Luck Today Traders!
