OctaFX | OctaFX Forex Broker
Open trading account

US: Next week's data - Danske Bank

The key report next week in the US will be Personal Income and Spending report. Analysts from Danske Bank, expect PCE inflation to moderate to 1.5% y/y in October in line with CPI numbers, due to negative contributions from the energy component. 

Key Quotes: 

“In the US, PCE inflation figures for October are due out on Thursday. Based on the CPI numbers for October (which are usually a good predictor for PCE), we estimate PCE core came in at 0.2% m/m (1.4% y/y against 1.3% y/y in September) and PCE headline 0.1% m/m (1.5% y/y against 1.6% y/y in September). The lower headline than core inflation in October reflects negative contributions from energy commodities, which was caused by decreasing fuel prices after hurricanes.”

“Finally, Friday brings ISM manufacturing figures for November. Based on regional PMIs, one would expect a slight increase in ISM, but Markit PMI tells a completely different story. Hence, uncertainty is large, but we expect a slight fall to 58.0.”

“The coming week also brings several speeches by FOMC members, and the confirmation hearing for Fed Chairman nominee Jerome Powell on Tuesday.”

J.P. Morgan: Decision on OPEC deal extension could be delayed until next year

On Friday, Reuters reported key highlights from Christyan Malek's, J.P. Morgan's head of EMEA oil and gas equity research, report following his trip t
Read more Previous

Wall Street closes early, records gains for the week

Following the Thanksgiving break, major equity indexes started the day on a positive note and finished the shortened session higher. On Friday, Amazo
Read more Next
Start livechat