British Retail Consortium data for October 2023. Like-for-like sales data strips out the impact of changes in store size. +2.6% y/y expected +2.4%, prior +2.8% Total sales +2.5% y/y (three month low) 2.7% in September “Many houseolds are also delaying their Christmas spending in the hopes they can grab a bargain in the upcoming Black
Share: The key event during the Asian session will be the Reserve Bank of Australia meeting, with a rate hike expected. China will release important trade data. Later in the day, Eurostat will release the Producer Price Index. Here is what you need to know on Tuesday, November 7: The US Dollar Index
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
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© Reuters. In a significant turn of events, the Nigerian Naira has appreciated against the United States dollar, trading below N1,000 for the first time in 44 days across all markets, including the black market. As of Thursday, the Naira traded at N995 against the US dollar, marking an appreciation by N118 within hours. This
After a surprise pause in September here, the BOE has gotten away with making their job a little easier in communicating today’s policy decision. The thinking previously was to get one more rate hike in as they could still get away with it. But now that ship has sailed and we’re left staring at another
Prior +1.7% Core CPI +1.5% y/y Prior +1.3% On the month itself, consumer prices were seen up 0.1%. The stall in the headline annual inflation reading isn’t too comforting when core annual inflation actually ticked higher in October. But for now, this is still well within the threshold that the SNB can manage. This article
Australia Building Approvals for September 2023 come in at -4.6% m/m expected +1.3%, prior +7.0% A poor report for the sector. IF the RBA is eyeing data on the health of the Australian econly they’ll be getting worried. This from earlier (check the remarks from the report, not confidence inspiring at all): Australian final manufacturing
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US. Numbers via Twitter … not the expectations I had below the screenshot are closer to the result: — Earlier: Goldman Sachs sees Brent crude oil prices to USD100/bbl by June as stocks ‘descend gently’ Expectations
China’s factory activity unexpectedly pulled back in October, dropping convincingly back into contraction. There was the week-long holiday at the beginning of the month but that was a known known factored into estimates. There had been some ‘green shoots’ of economic recovery in China, in the wake of a raft of government and central bank
