🔍 Key Inflation Indicators Across the Globe
United States: Consumer Price Index (CPI), Producer Price Index (PPI), and export/import prices will reveal inflation trends.
Global Hotspots: Inflation figures from Mexico, Brazil, South Africa, Russia, and India are under the spotlight.
💱 Monetary Policy Updates
Central banks in the Euro Area, Australia, Canada, Brazil, and Switzerland will unveil their next moves on interest rates and economic strategy.
📈 Country-Specific Data to Watch
China: Consumer/producer inflation, trade data, and New Yuan Loans.
Germany: Balance of trade and wholesale price updates.
UK: October’s GDP growth and industrial production.
Australia: Labour reports and NAB business confidence insights.
Japan: Tankan manufacturing index trends.
Americas
Inflation Takes Center Stage 🔥
🇺🇸 US Inflation Watch
Annual CPI expected to rise to 2.7%, a 4-month high, while monthly inflation stays steady at 0.2%.
Core inflation likely unchanged at 3.3% annually and 0.3% monthly.
Producer inflation (PPI) forecast:
Annual: Up to 2.5% from 2.4%.
Core PPI Annual: Up to 3.3% from 3.1%.
Monthly: Steady at 0.3%.
🚀 Other releases to watch: wholesale inventories, labor costs, NFIB Business Optimism Index, and the federal budget.
🇨🇦 Canada: Bank of Canada expected to cut rates by 50bps, continuing its easing streak.
🇧🇷 Brazil: A sharp 75bps rate hike is likely as inflation pressures mount, alongside CPI updates for Brazil and Mexico.
Europe
📉 Interest Rate Cuts and Key Economic Indicators to Watch This Week 🔎
🇪🇺 Europe's Central Bank Moves
ECB: Expected to cap 2024 with a 25bps rate cut, the fourth this year.
Swiss National Bank: Likely to cut its policy rate to 0.75%, also marking its fourth consecutive reduction.
📊 Macroeconomic Insights:
Euro Area: Industrial activity expected to rebound in October.
Germany: Exports forecast to decline more than imports.
Russia: Annual inflation likely to rise after a brief cooling-off period.
UK: Eyes on GDP, industrial production, and trade balance data.
🌍 Other Key Data to Watch:
Final inflation readings: Germany and France.
Industrial output: Italy and Turkey.
Consumer confidence: Switzerland.
Unemployment: Turkey.
Asia Pacific
📊 Asia-Pacific Economic Highlights: A Week of Critical Updates 🌏
🇨🇳 China: Economic Pulse
Inflation: CPI expected at 0.5% YoY (up from 0.3%); PPI forecast to drop 2.8% YoY (slight improvement from -2.9%).
Trade Data: Export growth likely to slow, imports set for a rebound.
Lending Recovery: New yuan loans expected to surge to CNY 950 billion, bouncing back from historic lows.
🇦🇺 Australia: Labor Market in Focus
RBA: Likely to hold rates at 4.35%, awaiting clearer inflation trends.
Jobs: Unemployment expected to rise by 20,000, with jobless rate ticking up to 4.2%.
NAB Business Confidence: Another key indicator for investor sentiment.
🇯🇵 Japan: Data Bonanza
GDP: Final Q3 growth figures.
Other Indicators: Tankan indexes, Eco Watchers Survey, machine tool orders, producer prices, and industrial production.
🇮🇳 India: Mixed Signals
Inflation: Expected to cool to 5.5% YoY (down from 6.21%).
Industrial Production: Anticipated strong growth of 3.7% YoY.
🌏 Regional Trade Data
Focus on Philippines and Taiwan trade performance.