The first day of December is the PMI day, and there are other potential market movers on this Economic Calendar as well. I’m Ben Jones Starting things off at 10:30 PM the previous evening is the Australian AiG Performance of Manufacturing Index for November. The Index improved in October and now stands just a fraction below the 50 point mark indicating growth. Swiss PMI for November comes at 8:30 AM. The October Index came in much stronger than expected as it shot up by almost 5 points. The final estimate of Euro Zone Manufacturing PMI for November follows at 9. The preliminary estimate suggests the Index has inched even lower from the uninspiring October reading of 50.7. Two news releases regarding the UK economy are out at half past nine, including the Markit Manufacturing PMI for November. The October reading surprised on the upside, showing the domestic market has been able to offset a decline in overseas demand. Mortgage Approvals for November are due at the same time. The number of approvals has been decreasing for the past three months and now stands at its lowest level in more than a year. Yet another November Manufacturing PMI, this time from Canada, comes at 2:30 PM GMT. A strong growth in new orders pushed the Index to an 11-month high in October. The closely watched US ISM Manufacturing PMI for November will be available at 3 o’clock. The Index rebounded in October and now is back at the two-year high it reached in August. Australian third quarter Current Account Balance follows at half past midnight. Trade deficit almost doubled during the second quarter, but this release is expected to show some improvement. Australian Building Approvals for October are out at the same time. Building approvals saw a strong and disappointing decline in September as a 21.9% drop in apartment blocks and townhouses dragged the total lower. Japanese Labour Cost Earnings for October will be released at half past one. The annual wage growth decelerated in October from point 8% the previous month. And Aussie Dollar traders might want to pay close attention to the Reserve Bank of Australia Monetary Policy Statement, which is out at 3:30. The cash rate has stood unchanged for the past 15 months. That concludes the Economic Calendar for Monday, the 1st of December. We’ll be returning with the next overview of key events for Tuesday. See you then.
The first day of December is the PMI day, and there are other potential market movers on this Economic Calendar as well. I’m Ben Jones
Starting things off at 10:30 PM the previous evening is the Australian AiG Performance of Manufacturing Index for November. The Index improved in October and now stands just a fraction below the 50 point mark indicating growth.
Swiss PMI for November comes at 8:30 AM. The October Index came in much stronger than expected as it shot up by almost 5 points.
The final estimate of Euro Zone Manufacturing PMI for November follows at 9. The preliminary estimate suggests the Index has inched even lower from the uninspiring October reading of 50.7.
Two news releases regarding the UK economy are out at half past nine, including the Markit Manufacturing PMI for November. The October reading surprised on the upside, showing the domestic market has been able to offset a decline in overseas demand.
Mortgage Approvals for November are due at the same time. The number of approvals has been decreasing for the past three months and now stands at its lowest level in more than a year.
Yet another November Manufacturing PMI, this time from Canada, comes at 2:30 PM GMT. A strong growth in new orders pushed the Index to an 11-month high in October.
The closely watched US ISM Manufacturing PMI for November will be available at 3 o’clock. The Index rebounded in October and now is back at the two-year high it reached in August.
Australian third quarter Current Account Balance follows at half past midnight. Trade deficit almost doubled during the second quarter, but this release is expected to show some improvement.
Australian Building Approvals for October are out at the same time. Building approvals saw a strong and disappointing decline in September as a 21.9% drop in apartment blocks and townhouses dragged the total lower.
Japanese Labour Cost Earnings for October will be released at half past one. The annual wage growth decelerated in October from point 8% the previous month.
And Aussie Dollar traders might want to pay close attention to the Reserve Bank of Australia Monetary Policy Statement, which is out at 3:30. The cash rate has stood unchanged for the past 15 months.
That concludes the Economic Calendar for Monday, the 1st of December. We’ll be returning with the next overview of key events for Tuesday. See you then.
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