fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

8 November 2024,05:40

Weekly Outlook

U.S. Election Aftershocks Fade, Data Back In Spotlight

8 November 2024, 05:40

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Tuesday, 12 November 2024, 09.00 – German CPI (MoM)(Oct)

Germany’s Consumer Price Index (CPI) for October 2024 rose by 0.4% month-on-month, surpassing the market’s expectation of a 0.2% increase and marking a recovery from the flat performance in September. This uptick was primarily driven by higher service prices and a rebound in goods prices. The stronger-than-expected CPI, from the EU’s largest economy, could potentially reduce the likelihood of an interest rate cut by the European Central Bank (ECB). Looking ahead, the upcoming CPI release is expected to show continued stability and resilience, though there may be some upward pressure from rising energy prices and service costs.

Wednesday, 13 November 2024, 15:30 – U.S. CPI (YoY) (Oct)

The U.S. Consumer Price Index (CPI) for the year ending September 2024 was reported at 2.4%, slightly above the market forecast of 2.3%, but down from the previous month’s reading of 2.5%. This decline aligns with the broader trend of slowing inflation, reflecting the effects of previous interest rate hikes by the Federal Reserve aimed at controlling rising prices. The moderation in inflation is primarily driven by stabilized energy costs and improvements in supply chain conditions. However, inflation remains above the Federal Reserve’s long-term target of 2%, continuing to shape policy discussions. While inflationary pressures could stay somewhat elevated in the coming months, further moderation is possible if energy prices stabilize and consumer demand continues to soften.

Thursday, 14 November 2024, 09:00 – UK GDP (YoY) (Q3)

The UK’s GDP growth for the second quarter of 2024 showed a year-on-year (YoY) increase of 0.7%, surpassing the forecast of 0.3%, though falling slightly short of the expected 0.9%. The stronger-than-expected growth was driven by a robust performance in the services sector, particularly in business services and finance, along with a rebound in household consumption despite ongoing inflationary pressures. This better-than-anticipated result points to some resilience in the UK economy amid global challenges, such as rising inflation and geopolitical uncertainties. The upward revision from the previous quarter’s lower growth suggests the economy may be stabilizing, supported by continued consumer spending and business investment. However, expectations for the upcoming release remain cautious, with the potential for a moderate slowdown, as pressures on consumer spending and public sector output could limit growth.

Friday, 15 November 2024, 15:30 – US Retail Sales (MoM) (Oct)

U.S. retail sales showed solid growth in September, rising by 0.4%, surpassing the market’s expectation of 0.3% and up from the 0.1% increase in August. This rise was likely driven by lower gasoline prices, which gave consumers more disposable income to spend at restaurants and bars, reinforcing the view that the economy continued to grow strongly in the third quarter. The data also highlighted significant gains in sales at clothing stores and miscellaneous retailers, as well as a boost in online purchases and spending at health and personal care stores. Looking ahead, the upcoming data is expected to show continued robust consumer spending, suggesting that economic growth in the previous quarter was above trend and is likely to persist into the next quarter.

Inizia a Fare Trading con un Vantaggio

Scambia forex, indici, Metalli e altro ancora a spread bassi e con un'esecuzione fulminea.

  • Inizia a fare trading con depositi a partire da $50 sui nostri conti standard.
  • Ottieni accesso all’assistenza 24/7
  • Accedi a centinaia di strumenti, a strumenti didattici gratuiti e ad alcune delle migliori promozioni in circolazione.
Iscriviti Ora

Latest Posts

Apertura del conto semplice e veloce

Apri Conto Reale
  • 1

    Registrati

    Registrati per un Conto Reale PU Prime con la nostra semplice procedura.

  • 2

    Finanzia

    Finanzia senza fatica il tuo conto con un'ampia gamma di canali e valute accettate.

  • 3

    Inizia a Fare Trading

    Accedi a centinaia di strumenti a condizioni di trading leader del mercato.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!