IFO business climate. Germany, 10:00 (GMT+2) 25 Oct

25Oct.202409:00

IFO business climate. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), the German Institute for Economic Research (IFO) business climate index for October is due. It is based on a survey of 7.0K managers in the manufacturing, construction, wholesale, and retail sectors and assesses the current business situation and expectations for the next six months. The indicator may rise from 85.4 points to 85.6 points, supporting the euro.

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25 Oct. 2024 00:30

Tokyo CPI. Japan, 01:30 (GMT+2)

At 01:30 (GMT+2), the Tokyo metropolitan area CPI for October will be released: it is the main indicator of inflation in the country, reflecting the change in retail prices for a certain basket of goods and services, such as food, transportation, utilities, health care, and so on. It has a significant impact on monetary policy decisions and is considered a leading one against the national indicator. The value may decrease from 2.2% to 2.1% YoY, and the core index from 2.0% to 1.7%, decreasing the likelihood of another interest rate hike by the Bank of Japan and putting pressure on the yen.

25 Oct. 2024 13:30

Durable goods orders. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), the US will publish data on durable goods orders for September, which are products with a service life of more than three years. It is a leading indicator of industrial activity. The overall figure may fall by 1.1% and the core value (excluding transport) by 0.1%, putting pressure on the American dollar.

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