Following the US midterm elections and several central bank decisions, including the Fed, the calendar appears to be dictated by economic data this week. In the UK, we have employment, inflation and retail sales data. We get inflation figures from the US as well. On the political front, Tuesday is the deadline for Italy to submit its revised budget plan to the EU Commission.
Monday is a relatively light day with no major releases or events on the agenda.
On Tuesday, during the Asian morning, Australia’s NAB survey for October is due to be released, but no forecast is currently available. Usually, this is not a market mover, but bearing in mind the RBA’s emphasis on wage growth, we will take a look at the Labour Costs sub-index. At last week’s meeting, the RBA maintained the view that wage growth has...
With regards to politics, Italy will likely return to the spotlight, as Tuesday is the deadline for submitting its revised budget to the EU Commission. Revealing its own forecasts based on the policies the Italian government wants to...
Read the full financial markets weekly outlook on JFD Research.