Economic Calendar

Last week we saw very little economic data being released, however the few figures that did come out provided more than enough impetus to move the markets quite substantially. As the week progressed the Pound strengthened against the Euro on the back of the better than expected UK GDP figure of 1% and the consistently negative data that came out of the Eurozone.

Contrastingly, each day this week we will see some major data releases as well as a number of high level meetings. In Europe this week there is a number of data releases from Germany, including the Consumer Price Index and Unemployment Change, as well as European Consumer Confidence and Business Climate indicators. European leaders will be hoping that these figures, as well as European Central Bank President Mr Draghi’s speech, will help the Euro recover some of the losses it suffered last week. There is also the potential for big movements following the release of PMI figures in the UK and US on Thursday, and the Nonfarm Payrolls released in the US on Friday.

29.10.12
09:30 UK Mortgage Approvals
09:30 UK Consumer Credit
12:30 US Core Personal Consumption Expenditure
12:30 US Personal Income
12:30 US Personal Spending
13:00 German Consumer Price Index
13:00 German Harmonised Index of Consumer Prices

30.10.12
BoJ Interest Rate Decision
00:00 Australian HIA New Home Sales
06:00 German Retail Sales
08:00 ECB President Draghi’s Speech
08:55 German Unemployment Change
10:00 European Consumer Confidence
10:00 European Business Climate
14:00 US Consumer Confidence

31.10.12
The Economic and Financial Affairs Council Meeting
00:01 UK Gfk Consumer Confidence
10:00 European Consumer Price Index
12:15 US ADP Employment Change
12:30 Canadian Gross Domestic Product

01.11.12
01:00 Chinese NBS Manufacturing PMI
07:00 UK Nationwide Housing Prices
09:28 UK Markit Manufacturing PM
12:58 US Markit Manufacturing PMI
15:00 US Construction Spending
15:00 US ISM Manufacturing PMI

02.11.12
07:53 German Markit Manufacturing PMI
08:58 European Markit Manufacturing PMI
09:30 UK PMI Construction
12:30 Canadian Unemployment Rate
12:30 US Nonfarm Payrolls
12:30 US Unemployment Rate
14:00 US Factory Orders