{"id":160523,"date":"2019-11-25T11:30:30","date_gmt":"2019-11-25T16:30:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=160523"},"modified":"2019-11-25T11:14:02","modified_gmt":"2019-11-25T16:14:02","slug":"weekly-market-outlook-eurozone-inflation-us-gdp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/weekly-market-outlook-eurozone-inflation-us-gdp\/","title":{"rendered":"Weekly Market Outlook: Eurozone Inflation & US GDP"},"content":{"rendered":"
November 25, 2019<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

The week ahead is quiet and short for the US markets. Thanksgiving on November 28th will see a slowdown in trading volumes as traders head into a long weekend.<\/p>\n

Among other high ticket items this week, Canada will be releasing its monthly GDP figures on Friday. Monthly GDP is forecast to rise by 0.2% for September.<\/p>\n

Germany\u2019s IFO business climate data and expectations are starting the week off, which could see a market reaction.<\/p>\n

Here\u2019s a brief look at the key economic events coming up for the week ahead.<\/p>\n

Fed Speech & Revised GDP Figures<\/strong><\/h2>\n

The slow patch of economic data continues this week with a mix of high and low impact news releases for the United States. Among the line-up of events includes Fed Chair Powell\u2019s speech and the revised GDP numbers.<\/p>

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US Q3 GDP to Hold Steady<\/strong><\/h3>\n

The third and final estimates on the GDP number for the three months ending September 2019 are due this week on Wednesday.<\/p>\n

The US economy is forecast to rise at 1.9%, marking an unchanged print from the previous estimates. This will confirm a below 2% growth rate in the US economy.<\/p>\n

Besides the GDP data, other revisions include the quarter PCE report. The core personal consumption expenditure is set to rise higher from 1.5% to 2.3%, according to economists. Meanwhile, the GDP price index is also set to rise to 2.4% from 1.6% previously.<\/p>\n

Durable goods orders are also due on the same day. US durable goods are set to fall for another month. Estimates show a 0.8% decline following a 1.2% decline earlier in September.<\/p>\n

Powell Speech Unlikely to do Much for the Markets<\/strong><\/h3>\n

Fed Chairman Jerome Powell will be speaking this week. The speech entitled\u00a0Building on the gains from the long expansion<\/em>\u00a0will see some references to the economy.<\/p>\n

So far, Fed officials are mum on US monetary policy after confirming that rates will be cut further. Investors remain tuned into Fed speeches for further direction on monetary policy.<\/p>\n

Eurozone Inflation & French Data<\/strong><\/h2>\n

A quiet week from the eurozone will focus on the preliminary inflation data from both the eurozone and France. Estimates show a modest increase in consumer prices. However, inflation is still far off from the ECB\u2019s target rate.<\/p>\n

Producer price index data alongside consumer sentiment reports for the eurozone will give us insights into the price pressures and sentiment in the region.<\/p>\n

Eurozone Inflation to Slightly Rise in November<\/strong><\/h3>\n

The preliminary inflation report for November will be coming out this Friday.<\/p>\n

According to median estimates, consumer prices will rise slightly to 1.2% on the year in November. This marks a slight increase from the 1.1% increase registered in October.<\/p>\n

But, investor focus will be on core inflation. Core inflation, which excludes volatile food and energy prices, fell to 0.7% on the year in October. For November, estimates point to a slight increase to 0.9% on the year.<\/p>\n

Although the core inflation rate remains below 1%, forecasts point to a modest increase from the year before.<\/p>\n

French GDP to Remain Steady at 0.3%<\/strong><\/h3>\n

For the remainder of the week, data will also cover the regional reports. It\u2019s a somewhat busy week for France as inflation and GDP reports are due.<\/p>\n

The final GDP revision for France is likely to show that GDP is steady at 0.3%. This will mark an unchanged print from the previous estimates.<\/p>\n

With the German economy slowing, focus has shifted to the French economy which is\u00a0doing the heavy lifting<\/a>\u00a0in the eurozone. Besides the GDP numbers, the preliminary inflation data for France is also due.<\/p>\n

Economists forecast that headline inflation in France will rise 1.1% on the year, following a 0.9% increase previously.<\/p>\n

By <\/strong>Orbex<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex The week ahead is quiet and short for the US markets. Thanksgiving on November 28th will see a slowdown in trading volumes as traders head into a long weekend. Among other high ticket items this week, Canada will be releasing its monthly GDP figures on Friday. Monthly GDP is forecast to rise by […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-160523","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=160523"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160523\/revisions"}],"predecessor-version":[{"id":160545,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160523\/revisions\/160545"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=160523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=160523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=160523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}