5 Things to Watch on the Economic Calendar This week

1. Fed FOMC Meeting Minutes
The Federal Reserve will release minutes of its November policy meeting on Wednesday at 21:00. The U.S. central bank left interest rates unchanged following its meeting on November 2, in a widely expected decision, but signaled it could hike in December as the economy gathers momentum and inflation picks up.

2. U.S. October Durable Goods Orders
The Commerce Department is scheduled to release data on October durable goods orders at 15:30 Wednesday. The consensus forecast is that the report will show orders for durable goods jumped 1.5% last month, following a decline of 0.3% in September.

3. ECB President Draghi Delivers Comments
ECB President Mario Draghi is due to testify about the European Central Bank’s Annual Report before the European Parliament, in Strasbourg on Monday at 18:00.
Investors will be looking for indications that the ECB is moving towards boosting monetary stimulus at its December meeting.

4. U.K. Third Quarter GDP – Second Estimate
The Office for National Statistics is to produce a second estimate on U.K. third-quarter economic growth at 01:30 on Friday. Analysists expectations are increase with 0.5 %.

5. Japanese October CPI
Japan’s Statistics Bureau will publish October inflation figures at 01:30 on Friday .Market analysts expect the headline figure to remain negative, falling 0.4% year-on-year, which would be the 11th straight month of declines.

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