Potential CAD Movers & Flash PMIs Out on Friday
November 22, 2018 2:47 pmVideo
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Let’s see what the last trading day of the week brings in terms of economic news releases.
Final German Gross Domestic Product for the third quarter opens this agenda at 7 o’clock in the morning. Preliminary report showed economy contracting by point 2% in the September quarter, which was the first quarterly decline in more than three years.
Then the November flash PMI run starts with French data at a quarter past 8 AM. German statistics are then released fifteen minutes later. The whole bloc’s round-up will be available at 9 o’clock. Both measures remain above the 50-mark, but they did move lower in October.
A couple of Loonie Dollar shakers up are next at 1:30 PM GMT, including Consumer Price Index for October. Prices were point 4% lower month on month in September as boost from gasoline, air transportation and travel tours eased. This brought annual inflation down to 2.2%.
Retail Sales for September is the other high importance release out at this time. Sales slipped by one tenth of a percent to 50.8 billion Canadian Dollars in August, following a point 2% increase in July.
The Markit Flash US Manufacturing PMI for November wraps up the calendar at a quarter to 3 PM. Both Services and Manufacturing PMIs rose in October to claim more ground about the 50-mark.
I’m Jack Everitt and that’s all for Friday’s Economic Calendar. Bye for now.
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