What to Watch This Week

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Inflation Data

The Fed stated at its last meeting that the high inflation rates will only be ” transitory “. Moreover, it would be premature to raise interest rates.

Producer price inflation data for October are scheduled to be released on Tuesday, with consumer price inflation figures to be released the next day.

Experts indicate that the consumer price index, which is predicted to peak by the end of the COVID-19 pandemic, is expected to reach a 0.6% month-on-month increase. Core inflation, which excludes food and energy costs, is expected to rise to an annual rate of 4.3%.

Fed Meeting

The Fed Chair is scheduled for an online meeting today (Nov. 11). Here, topics on the general state of the economy and other things going on at the Fed are to be discussed.

On Tuesday, the Federal Reserve Board, the Bank of Canada, the Bank of England, and the European Central Bank will host an online conference on diversity and inclusion in economics and central banking. Other Fed officials will also speak this week.

Corporate Figures

The 3rd quarter results of many companies were better than expected. As a result, the major Wall Street stocks and indices closed at record levels.

This week, the following companies will announce their financial results: Walt Disney Entertainment Company (NYSE:DIS), drugmakers AstraZeneca (NASDAQ:AZN) and BioNTech (NASDAQ:BNTX), Softbank (OTC:SFTBY), PayPal (NASDAQ:PYPL), Coinbase (NASDAQ:COIN), AMC Entertainment (NYSE:AMC), Krispy Kreme ( NASDAQ:DNUT) and Adidas (OTC:ADDYY).

United Kingdom GDP

The Bank of England already decided last week to leave interest rates unchanged. On Thursday publish growth data for the third quarter. GDP growth is expected to slow to 1.5% QoQ.

China Movement

China’s top leaders are meeting in Beijing from Monday to Thursday. The meeting comes amid faltering economic growth. This week’s meeting will discuss the Covid 19 virus outbreak, the real estate market, power shortages, and disrupted supply chains.

In addition, Chinese exports slowed in October and imports are below expectations. This suggests that domestic demand remains weak.

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