Reply To: Traders Market Weekly: Santa Brought Coal in 2022

#49320
Truman
Participant

The U.K.’s November CPI showed a slowdown in the yr/yr rate to 10.7% from 11.1% that was reached in October.
Meanwhile, Spain’s CPI slowed for the fourth consecutive month.
Travel operator TUI beat revenue expectations for the fiscal year and announced that it will repay aid received during the pandemic.
Germany’s ifo Institute raised the domestic growth forecast for 2022 to 1.8% from 1.6% while the outlook for next year was increased to -0.1% from -0.3%.
The European Central Bank and the Bank of England are expected to announce 50-bps rate hikes tomorrow after the Federal Reserve does the same today.
Eurozone’s October Industrial Production -2.0% m/m (expected -1.5%; last 0.8%); 3.4% yr/yr, as expected (last 5.1%)
U.K.’s November CPI 0.4% m/m (expected 0.6%; last 2.0%); 10.7% yr/yr (expected 10.9%; last 11.1%). November Core CPI 0.3% m/m (expected 0.5%; last 0.7%); 6.3% yr/yr (expected 6.5%; last 6.5%). November RPI 0.6% m/m (expected 0.5%; last 2.5%); 14.0% yr/yr (last 13.9%; last 14.2%)
Italy’s Q3 Unemployment Rate 7.9% (last 8.1%)
Spain’s November CPI -0.1% m/m, as expected (last 0.3%); 6.8% yr/yr (expected 6.3%; last 7.3%)
Swiss November CPI -0.5% m/m (last 0.0%); 3.8% yr/yr (last 4.9%)