News of the day. Monday 09.11.2015

November 9, 2015

Today markets are going to be following news from Germany, Canada, New Zealand and China. A number of releases is due in Germany, the biggest economy in the eurozone, at 9 am (all times stated in GMT +2). Amongst them are data on Imports, Exports and Trade Balance. Last month all three indicators fell. If Imports and Exports come out worse than their forecasts that would be their worst figures since October and November 2014 accordingly. Germany’s Current Account was declining for the last two months, and if it falls this month again that could pressure the Euro. October Housing Starts data is due at 3:15 pm in Canada, which, if comes out above forecasts could strengthen the CAD against its major opponents. Electronic Card Retail Sales data for October is due at 11:45 pm in New Zealand. Year-on-year figures for the index tend to be growing that shows optimistic mood prevailing within New Zealand consumers. On Monday night at 03:30 am, the Consumer Price Index for October is due in China. According to forecasts, the index will fall to -0.2% against the previous month and by 0.1% to 1.5% against the previous year.

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