2 Dec 2015
Key economic releases for the day – Danske Bank
FXStreet (Delhi) – Research Team at Danske Bank, lists down the key economic releases for the day.
Key Quotes
“The flash estimate for euro-area HICP inflation in November is due for release and we expect headline inflation to increase to 0.2% y/y. The increase should be driven by the volatile food and energy price inflation, whereas we estimate that core inflation will fall slightly to 1.0% after jumping to 1.1% in October, which was the highest in more than two years. The higher core inflation has mainly been driven by higher goods-price inflation but the euro appreciation during mid-2015 suggests the trend will reverse next year.”
“In the US the ADP job report will be out ahead of Friday's non-farm payrolls. Also, the Fed releases its Beige Book. A range of Fed speakers including Yellen who will likely reiterate the recent message that the US economy is ready for the first rate hike.”
“Bank of Canada (BoC) is set to keep rates unchanged at today's meeting. Canada is struggling at these levels for oil but BoC is set to get some help in adjusting to the new lower-oil-price environment from Fed hikes set to lift USD/CAD near term.”
Key Quotes
“The flash estimate for euro-area HICP inflation in November is due for release and we expect headline inflation to increase to 0.2% y/y. The increase should be driven by the volatile food and energy price inflation, whereas we estimate that core inflation will fall slightly to 1.0% after jumping to 1.1% in October, which was the highest in more than two years. The higher core inflation has mainly been driven by higher goods-price inflation but the euro appreciation during mid-2015 suggests the trend will reverse next year.”
“In the US the ADP job report will be out ahead of Friday's non-farm payrolls. Also, the Fed releases its Beige Book. A range of Fed speakers including Yellen who will likely reiterate the recent message that the US economy is ready for the first rate hike.”
“Bank of Canada (BoC) is set to keep rates unchanged at today's meeting. Canada is struggling at these levels for oil but BoC is set to get some help in adjusting to the new lower-oil-price environment from Fed hikes set to lift USD/CAD near term.”