October 11, 2021

6 Important Economic Data News Market Focus This Week (11-15 Oct 2021)

 Here are some of the important economic data that will be the focus of the market throughout the week.

UK Employment Data Report (Tuesday 2.00pm): After the central bank of England (BOE) gave a positive signal towards policy tightening, the employment sector in the UK will be scrutinized this week. An encouraging reading of the numbers will support the movement of the Pound.

European Economic Sentiment ZEW Survey (Tuesday 5.00pm): The downside projections in the latest survey of European economic health indicators, especially in Germany, are seen to put pressure on the Euro currency.

US Inflation Data (Wednesday 8.30pm): After the US NFP jobs report came into focus last weekend, the Federal Reserve's (Fed) attention will shift to the next focus data, the US inflation rate, for investors to get a clearer signal on the Fed's policy setting. .

FOMC Meeting Minutes (Thursday 2.00am): Investors will scrutinize further details in the FOMC meeting minutes after the Fed signaled for policy tightening with bond -buying reduction measures seen to be implemented as early as November.

Australian Employment Data Report (Thursday 8.30pm): Australia is expected to continue to record job losses for 2 consecutive months while the unemployment rate is forecast to rise again.

US Retail Sales Data (Friday 8.30pm): After the inflation data, the US retail sales rate will be the focus this weekend. Investors will be wary of expecting declining reading figures for September.