As the global economic landscape evolves, significant data releases are on the horizon that could influence market dynamics and monetary policy decisions. Following the recent elections in the U.S., attention is turning to key economic indicators that will provide insights into the post-election outlook. On November 17, 2024, the U.S. Purchasing Managers' Index (PMI) is expected to be released, alongside similar surveys from the U.K. and the eurozone. These surveys will be crucial in assessing economic activity and sentiment across these regions. [24ece2f7]
In the U.S., inflation data for October is anticipated to rise, potentially influenced by recent policy changes under President Trump's administration. The Federal Reserve remains cautious regarding rate cuts, and the upcoming PMI data will be instrumental in shaping their future monetary policy decisions. [24ece2f7]
Additionally, the U.S. Treasury is set to auction $16 billion in 20-year bonds and $17 billion in 10-year notes, which will be closely watched by investors seeking insights into government borrowing and interest rate expectations. [24ece2f7]
Across the Atlantic, the U.K. is also expected to report rising inflation data, which is projected to exceed 2%. This could have implications for the Bank of England's monetary policy as they navigate economic recovery. [24ece2f7]
Meanwhile, Canada will release its October inflation data, while South Africa's central bank is scheduled to announce its policy decision, reflecting ongoing economic challenges in the region. In Japan, CPI data is expected to show easing pressure from energy subsidies, further influencing the Bank of Japan's policy stance. [24ece2f7]
In Australia, the Reserve Bank of Australia's (RBA) communication regarding interest rates will be closely monitored, especially in light of recent economic indicators suggesting a resilient economy. The upcoming data from both the U.S. and Europe will be pivotal in shaping global market forecasts and investor sentiment. [24ece2f7]