Get an overview of the most important events this week. Read here which events you will find in this week's economic calendar that you should pay special attention to in your activities on the financial markets. All of the listed events have the potential to set the markets in motion to a greater or lesser extent.
Monday 13.11.2023
Announcement has been cancelled
US Crude Oil Inventories | USA | Oil Prices
The data on current crude oil inventories in the US is closely watched by investors and traders. On the one hand, they provide information on the possible development of oil prices and, on the other, they show how oil-dependent sectors of the economy are developing. Accordingly, higher stocks of crude oil generally have a negative impact, while lower stocks generally have a positive effect.
Tuesday 14.11.2023
11:00 am GMT+1
ZEW Indicator of Economic Sentiment | Germany | EUR
The German economy is acutely threatened by a recession. Nevertheless, analysts expect a positive change in the figures. While a reading in line with the analyses should not have a major impact on the Euro, as these are likely already priced in, a worse result in particular could cause movement for the Euro exchange rate.
14:30 GMT+1
US Consumer Price Index | USA | USD
On Tuesday, all eyes will be on the development of US consumer prices. They are an important indicator of whether the US Federal Reserve could possibly end the cycle of interest rate hikes. Analysts expect general inflation to fall by 0.4% to 3.3% and core inflation is expected to remain unchanged.
Wednesday 15.11.2023
8:00 am GMT+1
Consumer price index year-on-year | United Kingdom | GBP
Inflation in the UK stood at 6.7% last month despite record interest rates, a far cry from the BoE's target. Nevertheless, the central bank has not raised interest rates recently because the pressure on the economy is increasing due to high interest rates. Nevertheless, analysts expect the BoE's monetary policy to show initial success with inflation of 4.8%. If inflation is in line with forecasts or even lower, the British pound could come under pressure.
14:30 GMT+1
US Retail Sales | USA | USD
While the first signs of at least a slight slowdown in the US economy are emerging, the figures on US retail sales are of particular interest. Analysts are expecting a slight month-on-month decline of 0.1%. If the figures fail to meet expectations, this could increase pressure on the US dollar.
16:30 GMT+1
US Crude Oil Inventories | USA | Oil Prices
The data on current crude oil inventories in the US is closely watched by investors and traders. On the one hand, they provide information on the possible development of oil prices and, on the other, they show how oil-dependent sectors of the economy are developing. Accordingly, higher stocks of crude oil generally have a negative impact, while lower stocks generally have a positive effect.
Thursday 016.11.2023
14:30 GMT+1
Initial jobless claims | USA | USD
Although the US labour market still appears to be quite stable, recent data from the US labour market has fallen somewhat short of analysts' expectations. If the number of initial jobless claims turns out to be higher than expected, the US dollar could come under further pressure. Such a result would reinforce market participants' expectations that the US Federal Reserve will not raise interest rates again.
14:30 CET (GMT+1)
Philly Fed Manufacturing Index | USA | USD
Although the Philly Fed's manufacturing index only refers to production in Philadelphia, it is seen as a leading indicator for the ISM Purchasing Managers' Index. After a value of -9.0 in the previous month, a further decline to -11.0 is expected. If it is better than expected, it could take some pressure off the US dollar. However, a worse reading could increase it.
Friday 17/11/2023
11:00 GMT+1
Consumer Price Index | Eurozone | EUR
Analysts expect inflation in the eurozone to fall from 4.3% to 2.9%. This would confirm the ECB's aggressive monetary policy to date, but would also mean that the European Central Bank's interest rate hikes have come to an end. This would be good news for the stock markets, but rather bad news for the euro.