Reply To: Traders Market Weekly: Treasury Debt and Central Bank Balancing Act

#68534
Truman
Participant

Eurozone’s
Q3 GDP -0.1% qtr/qtr, as expected (last 0.1%); 0.0% yr/yr (expected 0.1%; last 0.6%).
Q3 Employment Change 0.2% qtr/qtr (expected 0.3%; last 0.1%); 1.3% yr/yr (expected 1.4%; last 1.3%)
Eurozone’s Q3 GDP was left unrevised at -0.1% qtr/qtr.
European Central Bank policymaker Villeroy de Galhau said that disinflation is occurring quicker than expected, which could invite rate cuts in 2024.

Germany’s
October Industrial Production -0.4% m/m (expected 0.2%; last -1.3%); -3.4% yr/yr (last -3.8%)

U.K.’s
November Halifax House Price Index 0.5% m/m (expected 0.3%; last 1.2%); -1.0% yr/yr (last -3.1%)
British Chamber of Commerce expects domestic growth of 0.6% in 2023 followed by a 0.4% contraction in 2024.

France’s
October trade deficit EUR8.6 bln (expected deficit of EUR8.5 bln; last deficit of EUR8.9 bln)
Italy’s
October Industrial Production -0.2% m/m (expected -0.3%; last 0.1%); -1.1% yr/yr (last -2.0%).
October Retail Sales 0.4% m/m (expected 0.1%; last -0.4%); 0.3% yr/yr (last 1.2%)

Swiss
November Unemployment Rate 2.1%, as expected (last 2.1%)