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Today's announcements and data releases, 5/3/2019

  • Regular
  • Economic Calender
  • 2 months ago
  • 43

All times in GMT+, Jakarta, Bangkok

 

 

 

10:30

AUD RBA Cash Rate Target (MAR 05)

 

14:30

CHF Consumer Price Index (MoM) (FEB)

It is the key gauge for inflation in Switzerland . Simply put, inflation reflects a decline in the purchasing power of the Franc, where each Franc buys fewer goods and services. The CPI calculates the change in the price of a predetermined basket of consumer goods and services. This basket represents the goods and services that an average household will purchase. The figure is compared to those of the previous month as well as the previous year in order to gauge changes to the costs of living on a month to month and year to year basis. The headline number is the percentage change either from the previous month's value or the previous year's value. As the key indicator of inflation, a rising CPI may prompt the Swiss National Bank to raise interest rates in attempt to manage inflation and slow economic growth. Higher interest rates make holding the Franc more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Franc.

 

14:30

CHF Consumer Price Index (YoY) (FEB)

 

14:30

CHF CPI EU Harmonized (MoM) (FEB)

 

14:30

CHF CPI EU Harmonized (YoY) (FEB)

 

14:30

CHF Consumer Price Index Core (YoY) (FEB)

 

15:45

EUR Markit/ADACI Italy Services PMI (FEB)

 

15:45

EUR Markit/ADACI Italy Composite PMI (FEB)

 

15:50

EUR Markit France Services PMI (FEB F)

 

15:50

EUR Markit France Composite PMI (FEB F)

 

15:55

EUR Markit Germany Services PMI (FEB F)

 

15:55

EUR Markit/BME Germany Composite PMI (FEB F)

 

16:00

EUR Markit Eurozone Services PMI (FEB F)

 

16:00

EUR Markit Eurozone Composite PMI (FEB F)

 

16:00

EUR Italian Gross Domestic Product w.d.a. (YoY) (4Q F)

 

16:00

EUR Italian Gross Domestic Product w.d.a. (QoQ) (4Q F)

 

16:00

GBP New Car Registrations (YoY) (FEB)

 

16:30

GBP Markit/CIPS UK Services PMI (FEB)

 

16:30

GBP Markit/CIPS UK Composite PMI (FEB)

 

16:30

GBP Official Reserves (Changes) (FEB)

 

16:30

GBP Financial Policy Committee minutes from Feb. 26 meeting (FEB 26)

 

17:00

EUR Euro-Zone Retail Sales (MoM) (JAN)

The total value of goods and services sold each month at retail outlets. The report acts as a gauge of consumption and consumer confidence. An increasing number of sales signal consumer confidence and economic growth, which would fuel the Euro-zone economy. However, higher consumption also leads to inflationary pressures, which results in economic instability. The headline is the monthly percentage change in retail sales.

 

17:00

EUR Euro-Zone Retail Sales (YoY) (JAN)

 

21:00

MXN Consumer Confidence Index (FEB)

 

21:30

USD Fed's Kashkari Testifies Before Minnesota Senate Finance Panel

 

21:45

USD Markit US Services PMI (FEB F)

 

21:45

USD Markit US Composite PMI (FEB F)

 

22:00

USD ISM Non-Manufacturing/Services Composite (FEB)

 

22:00

USD New Home Sales (DEC)

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) (DEC)

 

22:35

GBP BOE Governor Mark Carney Testifies to House of Lords 

 

23:00

NZD QV House Prices (YoY) (FEB)

 

23:30

USD Fed's Barkin Speaks at the Rural Economy