Thursday is a busy day with plenty of news releases, so let’s take a closer look with the Economic Calendar.
Coming up first at quarter to 7 AM is the Swiss Unemployment Rate for November. The seasonally adjusted unemployment rate has stood at the same low level for the past 2 months.
German Industrial Production for October is out at 7. Output slipped in September, partially reversing a strong 2.6% gain a month ago.
UK Halifax House Price Index for November wil be available at half past 8. A housing shortage has been driving the average house price higher, and it now stands at a record-high level.
The final version of Euro Zone third quarter GDP follows at 10. The initial estimate puts the quarterly growth at point 6%, which is the same pace as posted for the last 2 quarters.
Coming up next at 1:30 PM GMT is the closely watched weekly update on US Jobless Claims. Initial claims dropped by 2 thousand during the week ending November 25 whereas the continuing claims grew by 42 thousand during the week ending November 18.
Canadian Building Permits for October are out at the same time. The number of permits returned to growth in September, following two months of decline.
Canadian Ivey PMI for November is scheduled at 3. October data surprised strongly on the upside as the Index soared to its highest level since early 2016.
ECB President Mario Draghi will be giving a closely watched speech at 4, appearing at the Bank for International Settlements press conference in Frankfurt, Germany.
US October Consumer Credit follows at 8. Customers took on more credit than anticipated in September as car, education and credit card loans all picked up speed.
Several news releases regarding the Japanese economy are out at 11:50, including the final reading of third quarter GDP. The initial release puts the quarterly growth at point 3%, which is the weakest reading so far this year.
Bank Lending for November will be available at the same time. Lending continued to grow in October, although at a slightly slower pace than the 2.9% annual gain the previous month.
And Australian Home Loans for October conclude the schedule at half past midnight. September data surprised on the downside as the number of loans dropped for the first time in 5 months.
You’ve been watching the Economic Calendar for Thursday, the 7nd of December. I’m Jack Everitt and Friday brings the latest US labour report, so check back.
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