Michigan consumer sentiment. USA, 17:00 (GMT+2) 22 Nov

22Nov.202316:00

Michigan consumer sentiment. USA, 17:00 (GMT+2)

At 17:00 (GMT+2), November data on changes in the consumer confidence index from the University of Michigan will be published in the United States. The indicator is calculated monthly based on a telephone survey of at least 500 American households and records consumer spending that is part of economic activity. The value is expected to decrease from 63.8 points to 60.4 points.

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22 Nov. 2023 16:00

Consumer confidence. EU, 17:00 (GMT+2)

At 17:00 (GMT+2), November data on the consumer confidence index in the EU countries will be published. The indicator is calculated based on a survey of 2.3K households that assess the prospects of the economy. It is a leading indicator for consumer spending, with high readings indicating consumer optimism and vice versa. It is expected that the indicator will slow down the negative dynamics from the current ˗17.9 points to ˗17.6 points, putting pressure on the euro.

22 Nov. 2023 16:30

Crude oil inventories. USA, 17:30 (GMT+2)

At 17:30 (GMT+2), the US Department of Energy’s Energy Information Administration (EIA) will publish a weekly report containing data on changes in the volumes of crude oil, as well as gasoline and distillates in the country. A correction is expected from the current 3.592M barrels to 1.793M barrels, supporting oil quotes.

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