Daily Update - 16th November 2017
Yesterday from US, Retail rose by less-than-expected, while inflation remained in-line with market's expectations. Sales were up by 0.2% during October, above the 0.0% expected, although sales ex-autos advanced just 0.1%, while the control group figure gained 0.2%, both below expectations. Inflation, on the other hand, rose as expected by 0.1% in the month and by 2.0% compared to a year earlier, US Core CPI Figures also kept the sentiment around the US dollar somewhat buoyed, while a recovery in risk sentiment on the back of the rebound in the global equities and Treasury yields further added to the weight on the funding currency Euro. Early morning from Australia, The Unemployment Rate will release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. This is followed by The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. During the day, The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. From UK, BOE’S Governor Mark Carney is supposed to have a speech. Followed up with retails figure. Later in the day, The Industrial Production released by the Board of Governors of the Federal Reserve shows the volume of production of US industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to Yesterday’s Focus
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