The main release will be the Fed’s Labour Market Conditions Index that it beganpublishing last month. The reading for the past few months was on the soft side butthis did not stop the Fed from turning more hawkish at its latest meeting. It will beinteresting to see today how sensitive this data is to revisions. For it to be useful on amonthly basis, revisions have to be fairly modest.
In the euro area, the Sentix index is published. Being a survey of financial analysts ithas a quite high correlation with the German ZEW index, which has provided a goodindication of the German ifo expectations index over the past few years.
Norway inflation data will be important given the recent volatility in the NOK. Weestimate the annual rate of core inflation was unchanged at 2.4% in October, which isonly marginally less than Norges Bank assumed in its September monetary policyreport and may therefore dampen expectations of a rate cut and support the krone.
This week’s market movers: Swedish inflation (Tuesday), Bank of England InflationReport (Wednesday), Chinese industrial production and retail sales (Thursday), andeurozone GDP and US retail sales (Friday). The situation in Ukraine will also befollowed closely given the recent signs of escalation.
Read the full report: FX Daily