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Interest Rate Decision. Australia, 05:30 (GMT+2) 05 Dec

05Dec.202304:30

Interest Rate Decision. Australia, 05:30 (GMT+2)

At 05:30 (GMT+2) the Reserve Bank of Australia will announce the decision on the interest rate. Officials are likely to keep the value at the current level of 4.35%. The follow-up statement may contain an assessment of the country's financial authorities regarding the current state of the economy against the backdrop of global geopolitical tensions.

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Caixin Manufacturing PMI. China, 03:45 (GMT+2)
05 Dec. 2023 02:45
Caixin Manufacturing PMI. China, 03:45 (GMT+2)

At 03:45 (GMT+2), November data on Caixin Manufacturing PMI will be published in China. The indicator is compiled from the enterprises’ responses about their purchasing activities and supply situations. At the same time, the attitude of purchasing managers to the current economic situation and prospects for its further development is evaluated. The indicator is expected to correct from the current 50.4 points to 50.7 points, which, in turn, may have a positive impact on the yuan quotes.

Manufacturing PMI. EU, 11:00 (GMT+2)
05 Dec. 2023 10:00
Manufacturing PMI. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), November data on the index of business activity in the manufacturing sector of the eurozone countries will be presented. The indicator is calculated based on a survey of purchasing and supply managers of leading national enterprises in all industries, while assessing their attitude to the current economic situation and the prospects for its further development. The index is expected to rise from 47.8 points to 48.2 points in November, and the Composite PMI may rise from 46.5 points to 47.1 points. If the forecast proves right, the euro may fall under pressure.

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