Friday brings the latest Canadian CPI data, so let’s take a closer look with the Economic Calendar.
German Producer Price Index for September is up first at 6 AM. The Index has been growing at a steady point 2% pace for the past two months; in particular, energy costs, consumer goods and intermediate goods prices all went up.
UK Public Sector Net Borrowing for September follows at half past eight. The August budget deficit surprised on the upside as it was twice as small as the 10.3 billion deficit the previous month.
A high importance release for Loonie Dollar traders is up next at 12:30 PM GMT, namely, the September Canadian CPI. Annual inflation picked up speed in August, particularly due to higher petrol prices.
Canadian Retail Sales for August are out at the same time. Retail grew more than expected in July, driven by strong car and food sales.
US Existing Home Sales for September will be available at 2. Sales slipped in August as limited supply remains an issue.
And all the Fed watchers may want to tune in at 11:30 in the evening, when Fed Chair Janet Yellen will be giving a closely watched speech on monetary policy since the financial crisis.
I’m ____ and this was the Economic Calendar for Friday, the 20th of October. Check back in for the next overview of news releases for Monday. Goodbye.
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