GfK consumer climate. Germany, 09:00 (GMT+2) 28 Nov

28Nov.202308:00

GfK consumer climate. Germany, 09:00 (GMT+2)

At 09:00 (GMT+2), December data on the consumer climate index from GfK Group will be published in Germany. The indicator assesses the degree of confidence in the economy strength and is a leading indicator of household spending. The negative dynamics are expected to slow from −28.1 points to −27.0 points.

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28 Nov. 2023 01:30

Retail sales. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), Australia will release October retail sales data, a key indicator of consumer spending that has a significant impact on the country’s gross domestic product (GDP). The indicator records the monthly volume of all goods retailers sold, based on samples of stores of different types and sizes. A correction in the value is expected from 0.9% to 0.2% MoM, putting pressure on the Australian dollar.

28 Nov. 2023 10:00

Monetary supply M3. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), October data on the M3 money supply aggregate in the EU will be published. The indicator measures the value of all foreign currency and liquid monetary assets in the hands of the population and is an important indicator of inflation in the country, the growth of which may lead to higher interest rates by financial regulators. The negative dynamics are expected to slow from −1.2% to −0.9% YoY.

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