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Gross Domestic Product. China, 04:00 (GMT+2) 18 Oct

18Oct.202303:00

Gross Domestic Product. China, 04:00 (GMT+2)

At 04:00 (GMT+2), data on the Chinese GDP in Q3 2023 will be released. The GDP is the main indicator reflecting the state of the national economy. It takes into account domestic consumption, investment, government spending, and exports. The Chinese economy is expected to accelerate growth from 0.8% to 1.0% QoQ but to slow it down from 6.3% to 4.4% YoY. If the forecast proves right, the commodities may fall under pressure.

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Consumer price index. Canada, 14:30 (GMT+2)
17 Oct. 2023 13:30
Consumer price index. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2) in Canada, August data on the consumer price index will be released, which is the main indicator of inflation in the country, reflecting changes in retail prices for a certain “basket” of goods and services: food, transport, utility costs, healthcare and so on, and also significantly influences the decisions of regulators in the field of monetary policy. The rate is expected to fall from 0.4% to 0.1% MoM and remain at 4.0% YoY, which will put pressure on the Canadian dollar.

Consumer Price Index. UK, 08:00 (GMT+2)
18 Oct. 2023 07:00
Consumer Price Index. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), British data on the Consumer Price Index for September will be released. It is the main indicator of inflation in the country and determines the change in the level of retail prices for a certain "basket" of goods and services: food, transportation, utilities, healthcare, etc. It has a significant impact on the decisions of the financial regulator regarding adjustments to monetary policy. It is expected that the CPI will increase from 0.3% to 0.4% MoM and decrease from 6.7% to 6.5% YoY. The implementation of forecast may support GBP.

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