Here are some of the important economic data that will be the focus of the market throughout this week.
German Industrial Production Data (Monday 3.00 PM): Measuring the current economic health in Germany as the main economy in Europe, the rate of industrial production is forecast to increase for September despite the various crises that grip Europe.
China Inflation Data (Wednesday 9.30am): Will have an impact on the current market sentiment, the inflation rate in the world's second largest economy will be assessed by investors. Expectations for the latest annual inflation reading decreased slightly as the issue of the spread of Covid-19 in the country came back into focus.
US Inflation Data (Thursday 9.30 PM): After the FOMC meeting and the NFP employment report became the focus of last week, US dollar trading this week will be driven by the publication of the American consumer price index data which is also the focus of the Federal Reserve. Markets are expecting a drop in inflation after the central bank aggressively raised interest rates.
UK GDP data (Friday 3.00 PM): Economic growth in the UK remains expected to be weak with the Gross Domestic Product reading for September still forecast to contract. The Pound will come under additional pressure after the decision to raise interest rates by the central bank last week also failed to boost the currency.
US Consumer Sentiment Survey Data (Friday 11.00 PM): Closing the trading curtain this week, investors will examine the reading of a consumer survey by the University of Michigan which is an indicator of consumer spending in the United States. The latest reading is expected to be slightly gloomy compared to the previous month.
