The news release schedule gets light as the trading week is coming to an end, so let’s take a quick look.
Markets in the United States will be closed for the Veterans Day, and the first item on the schedule comes at half past 9, when the UK September Trade Balance is released. Trade deficit widened in August as exports fell and imports went up; in particular, gains in exports to EU countries were not enough to reverse a strong drop in non-EU exports.
UK Industrial Production for September is out at the same time, and output continued to increase in August, driven by solid gains in manufacturing.
UK NIESR Monthly GDP estimate for October follows at 1 PM GMT. The previous release covered the third quarter and noted a slightly increased rate of growth, although it also noted that UK growth remains below that of the United States and Euro zone.
And, although it’s a bank holiday, the closely watched University of Michigan Consumer Confidence for November still is scheduled at 3. The Index surged quite unexpectedly in October, hitting a 13-year high, and the report noted some of the increase may come from the post-storm recovery.
This was the Economic Calendar for Friday, the 10th of November. I’m Kiays Khalil and we’ll be back with the next overview of news releases for Monday. Goodbye.
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