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Today's announcements and data releases 28/11/2018

  • Regular
  • Economic Calender
  • 1 month ago
  • 37

 

All times in GMT+7, Jakarta, Bangkok

 

 

14:00

GBP BOE Financial Stability Report and stress test results

 

16:00

EUR Euro-Zone M3 Money Supply (YoY) (OCT)

 

16:00

CHF Credit Suisse Survey Expectations (NOV)

 

19:00

USD MBA Mortgage Applications (NOV 23)

Gauges demand for mortgage application in the US . Tracking new home mortgages and refinances, MBA Mortgage Applications Survey serves at a current indicator for the US housing market. Growth in mortgages suggests a healthy housing market. Due to the multiplier effect housing has on the rest of the economy, rising activity suggests increased household income and economic expansion. The headline figure is the weekly percentage change in the MBA Mortgage Applications figure. Among the various indices measured in the survey, the purchase index and refinancing index most accurately reflect where the housing market is headed. The purchasing index measures the change in existing home sales in all mortgage applications, while the refinance index measures the mortgage refinancing activity in all mortgage applications.

 

19:00

EUR German GfK Consumer Confidence (DEC)

 

20:30

USD Advance Goods Trade Balance (OCT)

 

20:30

USD Wholesale Inventories (MoM) (OCT P)

 

20:30

USD Retail Inventories (MoM) (OCT)

 

20:30

USD Gross Domestic Product Annualized (QoQ) (3Q S)

 

20:30

USD Gross Domestic Product Price Index (3Q S)

Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates. The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness. The headline figure is the annualized percentage change

 

20:30

USD Personal Consumption (3Q S)

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation. On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn. Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption. The PCE figure is released in headlines as a percent change from the previous month. Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report

 

20:30

USD Core PCE (QoQ) (3Q S)

 

22:00

USD New Home Sales (OCT)

Records sales of newly constructed residences in the United States . The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.Generally the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control for some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending. New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

 

22:00

USD New Home Sales (MoM) (OCT)

 

22:00

USD Richmond Fed Manufact. Index (NOV)

 

22:30

USD DOE U.S. Crude Oil Inventories (NOV 23)

 

22:30

USD DOE Cushing OK Crude Inventory (NOV 23)

 

22:30

USD DOE U.S. Gasoline Inventories (NOV 23)

 

22:30

USD DOE U.S. Distillate Inventory (NOV 23)

 

22:30

USD U.S. to Sell USD18 Bln 2-Year Floating Rate Notes Reopening