A number of important US news releases are scheduled on Wednesday, the 22nd of November. Let’s find out more.
The first high importance event comes at half past noon GMT, when UK Chancellor Philip Hammond will be presenting the autumn budget to the Parliament. Preparing the budget could be a challenging task as the UK faces a slowdown in economic growth, uncertainty about the Brexit talks and a somewhat unstable government.
The closely watched US Preliminary Durable Goods Orders for October follow at 1:30. Orders continued growing at a stready point 2% pace in September.
The high importance weekly update on US Jobless Claims is out at the same time. Initial claims grew by 10 thousand during the week ending November 11 whereas the continuing claims dropped by 44 thousand during the week ending November 4.
The final reading of University of Michigan Consumer Confidence for November will be available at 3, and the initial estimate suggests the Index has eased from the record-high levels it reached for the last 2 months.
Euro Zone Preliminary Consumer Confidence for November comes at the same time. The Index stood unchanged in October, remaining well above its long-term average.
Federal Open Market Committee will release the closely watched Minutes of its November meeting at 7. The meeting brought no changes to the monetary policy, but markets are expecting a rate hike in December.
And New Zealand third quarter Retail Sales conclude the schedule at quarter to 10. Second quarter sales surprised on the upside, posting the strongest growth in a year.
That’s all for Wednesday’s Economic Calendar. I’m Jack Everitt and we’ll be back with the next overview of news releases for Thursday. Goodbye.

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