Retail Sales. Germany, 09:00 (GMT+2) 31 Oct

31Oct.202408:00

Retail Sales. Germany, 09:00 (GMT+2)

At 09:00 (GMT+2), September retail sales data will be published in Germany. Retail Sales indicator measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the primary indicator of consumer spending, which influences the Gross Domestic Product (GDP). MoM, it is likely to drop from 1.6% to -0.8%, which may negatively affect the positions of the euro.

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31 Oct. 2024 06:00

Housing Starts. Japan, 07:00 (GMT+2)

At 07:00 (GMT+2), September data on the number of new houses, the construction of which began in the reporting month, will be presented in Japan. It is one of the most important indicators of the Japanese construction market. A correction is expected from -5.1% to -4.2% YoY, which is likely to put pressure on the yen quotes.

31 Oct. 2024 11:00

Consumer Price Index. EU, 12:00 (GMT+2)

At 12:00 (GMT+2), October data on the Consumer Price index in the Eurozone will be published. It is the main indicator of inflation and determines the change in the level of retail prices for a particular basket of goods and services — food, transport, utility costs, health care and so on — which has a significant impact on the European Central Bank's (ECB) monetary policy decisions. It is expected that the consumer price index will be fixed at -0.1% MoM and will grow from 1.7% to 1.9% YoY, while the base monthly value is likely to remain at 0.1%, and the annual value will be adjusted from 2.7% to 2.6%.

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