The last day of October is packed with important news releases, so let’s take a closer look with the Economic Calendar.
The schedule actually starts ten minutes before midnight with two releases regarding the Japanese economy in September, including the Preliminary Industrial Production. Output rebounded in August, reversing a point 4% drop the previous month.
Retail Sales, on the other hand, came in worse than expected in August, posting the first decline in 3 months.
New Zealand Business Confidence for October comes at midnight. The Index surged in September and now stands at its highest level in more than a year.
Australian Private Sector Credit for September follows half an hour later. Credit continued growing in August, and at the same point 4% pace than a month ago.
Japanese Housing Starts for September are out at 5. The August data surprised on the downside, following a strong 8.9% annual gain the previous month.
The September update on UK Net Lending to Individuals will be available at half past 9. Lending picked up speed in August, following a disappointing drop to 3.8 billion pounds the previous month.
Two highly anticipated pieces of Euro Zone data are scheduled at 10, including the Preliminary Third Quarter GDP. The quarterly growth slowed down in the second quarter from the point 6% gain the previous month.
Preliminary October CPI is out at the same time. The annual inflation rose to point 4% in September, which may not seem much, but it actually was the highest level in almost 2 years.
Coming up next at 12:30 PM GMT is the US Personal Income and Spending for September. Income continued rising in August, but the spending stood unchanged.
There’s a break in the schedule until half past 10, when the Australian Performance of Manufacturing Index for October is released. The Index did recover some ground in September, but it does remain a fraction in the negative territory.
The closely watched Chinese PMI for October will be available at 1 AM. The manufacturing Index stood unchanged in September, contrary to expectations of a slight increase, but the Services PMI did gain point 2 points.
The high importance Caixin version of Chinese Manufacturing PMI for October follows 45 minutes later. This version also suggests a slight growth in the manufacturing sector.
And Reserve Bank of Australia will release its latest Monetary Policy Statement at half past 3. This, of course, is a high importance release for all the Aussie Dollar traders, although no changes in the monetary policy are expected.
I’m Jessica Walker and you’ve been watching the Economic Calendar for Monday, the 31st of October. Check back in for the next overview of news releases for Tuesday. Goodbye.
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