This week will start off with data coming out of China, but will mostly be dominated by reports from Europe, particularly the United Kingdom. Check out the details of these upcoming events below:
Event: Consumer Price Index (YoY/MoM, September) – China
Date: October 14, 2013
Time: 1:30am (GMT)
What It Is About and Why It’s Important
Traders of the aussie in particular should keep an eye these reports. YoY CPI is expected to improve from 2.6% to 2.9%, while it is seen to stay flat at 0.5% on a MoM basis.
Update: China’s CPI came out better than expected, as it rose to 3.1% on YoY basis, while it improved to 0.8% on a MoM basis.
Event: Consumer Price Index/Core CPI (YoY/MoM, September) – UK
Date: October 15, 2013
Time: 8:30am (GMT)
What It Is About and Why It’s Important
The UK will release its CPI data on Tuesday. It is seen to dip slightly from 0.4% to 0.3% on a MoM basis, while it is also expected to drop from 2.7% to 2.6% on a YoY basis. Meanwhile, the UK’s core CPI is currently at 2%.
Event: ZEW Economic Sentiment Survey (October) – EU
Date: October 15, 2013
Time: 9:00am (GMT)
What It Is About and Why It’s Important
The economic sentiment in the EU is expected to improve. From the previous 58.6, analysts see it rising to 59.4.
Event: Consumer Price Index (QoQ/YoY, Q3) – New Zealand
Date: October 15, 2013
Time: 9:45pm (GMT)
What It Is About and Why It’s Important
With New Zealand’s economy on the rise, more positive news is expected from it, particularly its CPI data. From 0.2% it is seen to improve to 0.9% on a QoQ basis, while it is also seen to rise from 0.7% to 1.3% on a YoY basis.
Event: Employment Data – UK
Date: October 16, 2013
Time: 8:30pm (GMT)
What It Is About and Why It’s Important
From the Claimant Count Change to the ILO Unemployment Rate, the UK is set to release a series of employment-related data on Wednesday. Its unemployment rate is expected to remain unchanged at 7.7% over a 3-month period.
Event: Consumer Price Index (MoM/YoY, September) – EU
Date: October 16, 2013
Time: 9:00am (GMT)
What It Is About and Why It’s Important
Not a lot of changes are expected in the EU’s CPI, as it is seen to stay flat at 1.1% on a MoM basis, while it is expected to drop slightly from 1.3% to 1.1% on a YoY basis.
Event: Retail Sales/Retail Sales ex-Fuel (MoM/YoY, September) – UK
Date: October 17, 2013
Time: 8:30am (GMT)
What It Is About and Why It’s Important
The UK continues with its release of economic data on Thursday, which will then focus on its retails sales figures. It is currently at 2.1% on a YoY basis, while it is seen to improve from -0.9% to 0.5% on a MoM basis. As for the retail sales ex-fuel, it is currently at -1% on a MoM basis, and at 2.3% on a YoY basis.
Event: RBA Governor Glenn Stevens Speech – Australia
Date: October 18, 2013
Time: 1:00am (GMT)
What It Is About and Why It’s Important
For insights on the RBA’s outlook of the Australian economy, this is a speech that is a must-watch.
Event: Gross Domestic Product (QoQ/YoY, Q3) – China
Date: October 18, 2013
Time: 2:00am (GMT)
What It Is About and Why It’s Important
China’s GDP is expected to have improved during the third quarter, going up from 1.7% to 1.9% on a QoQ basis, while it is expected to rise from 7.5% to 7.8% on a YoY basis.
Event: Consumer Price Index (MoM/YoY, September) – Canada
Date: October 18, 2013
Time: 12:30pm (GMT)
What It Is About and Why It’s Important
From the CPI to the Core CPI, Canada will wrap up the week with these announcements. Its CPI is expected to improve from 0.0% to 0.1% on a MoM basis. Its CPI is currently at 1.1% on a YoY basis.