Reply To: Traders Market Weekly: Thanksgiving, a Time for Reflection


The U.K. reported better than expected retail sales for October, but expectations for a future slowdown are growing. Austria is imposing a windfall tax of up to 40% on oil, gas, and power companies.
Hungary’s Prime Minister Orban said that his country will continue purchasing gas from Russia next year.
European Central Bank President Lagarde repeated that the governing council expects to continue raising rates to ensure that current high inflation doesn’t feed into future expectations.
U.K.’s October Retail Sales 0.6% m/m (expected 0.3%; last -1.5%); -6.1% yr/yr (expected -6.5%; last -6.8%). October Core Retail Sales 0.3% m/m (expected 0.6%; last -1.5%); -6.7% yr/yr (expected -6.9%; last -6.1%). November GfK Consumer Confidence -44 (expected -52; last -47)
Swiss Q3 Industrial Production 5.2% yr/yr (last 5.0%)