News of the day. Thursday 29.10.2015

October 29, 2015

On Thursday, important macroeconomic statistics are going to come out in the US and in Germany. The Unemployment Rate for September is due at 11:55 am (all times stated in GMT +2) in Germany. The index is expected to remain at the same level of 6.4%. The unemployment in Germany is slowly falling for the last few years that shows a gradual recovery of the German economy. It is worth noting, however, that it remained at 6.4% since March this year. The Gross Domestic Product Annualized is due at 3:30 pm from the US, which is forecasted to show a decline from 3.9% to 1.6%. If forecasts are confirmed that would be another sign that the growth is slowing in the world’s leading economy. Slowing GDP growth rates could also lead to delays in interest rate increases in the US. Forecasts confirmation might also result in serious weakening in the USD against its major competitors. Data on the Consumer Price Index, the main inflation indicator, for October is due at 4 pm in Germany. On a year-to-year basis, the index is expected to grow from 0% to 0.2%, which is the positive news for Germany as well as for the eurozone as the whole. Against the previous month, the index will also increase to -0.1% that would still represent deflation.

On Thursday night at 00:30 am, attention needs to be paid to the publication of the National Consumer Price Index for September from Japan. Presently, inflation in the country remains at 0.2% but tends to decrease over the time that pressures the Yen. 

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