1 Draghi talks: Monday, 16:00. After making dovish sounds, the President of the ECB makes another public appearance, this time at an official testimony in the European Parliament. He may hint about the highly anticipated December meeting of the Bank.
2 Consumer Confidence: Tuesday, 15:00. This official figure from Eurostat remained unchanged at -8 points in October. The figure for November will probably remain in negative territory, at the same level, reflecting pessimism.
3 Flash PMIs: Wednesday: 8:00 for France, 8:30 for Germany and 9:00 for the euro-zone. Markit releases its preliminary purchasing managers’ indices for November. In October, France had a score of 51.8 points in the manufacturing sector, above the 50 point threshold separating expansion from contraction. A small slide to 51.5 is on the cards now. The services sector stood at 51.4 points and 52.1 is projected for November. In Germany, the manufacturing PMI was at a solid 55 points and 54.8 is predicted now. The services PMI was 54.2 points a very similar 54.1 is predicted. For the whole euro-zone, manufacturing was ahead at 53.5 and services at 52.8 points, with 53.2 and 53.1 expected now.
4 ECB Financial Stability Review: Wednesday, 9:00. Twice a year, the European Central Bank assesses the stability of the financial sector. During 2016, various Italian and German banks have been under the spotlight. It will be interesting to see if the ECB singles out these issues or sends a signal of stability.
5 Final German GDP: Thursday, 7:00. According to the initial release, the German economy grew by only 0.2%, a significant drop from 0.4% seen in Q2. The final read for Q3 will likely confirm the data.
6 German Ifo Business Climate: Thursday, 9:00. Germany’s No. 1 Think-tank has released an upbeat report for October: a score of 110.5 points that beat expectations. Will the US elections curb the bullishness? Probably not: a score of 110.6 is forecast.
7 German GfK Consumer Climate: Thursday, 12:00. This measure of consumer surprised with a big drop in October, to 9.7 from 10 points. Will it recover now? A small rise to 9.7 is on the cards.
8 Belgian NBB Business Climate: Thursday, 14:00. This small country produces a wide survey that is eyed by markets. After two months in positive ground, the indicator fell back to negativity and has been there in the past three months. The score was -1.8 in October. A small improvement to -1.5 is expected.
2 Consumer Confidence: Tuesday, 15:00. This official figure from Eurostat remained unchanged at -8 points in October. The figure for November will probably remain in negative territory, at the same level, reflecting pessimism.
3 Flash PMIs: Wednesday: 8:00 for France, 8:30 for Germany and 9:00 for the euro-zone. Markit releases its preliminary purchasing managers’ indices for November. In October, France had a score of 51.8 points in the manufacturing sector, above the 50 point threshold separating expansion from contraction. A small slide to 51.5 is on the cards now. The services sector stood at 51.4 points and 52.1 is projected for November. In Germany, the manufacturing PMI was at a solid 55 points and 54.8 is predicted now. The services PMI was 54.2 points a very similar 54.1 is predicted. For the whole euro-zone, manufacturing was ahead at 53.5 and services at 52.8 points, with 53.2 and 53.1 expected now.
4 ECB Financial Stability Review: Wednesday, 9:00. Twice a year, the European Central Bank assesses the stability of the financial sector. During 2016, various Italian and German banks have been under the spotlight. It will be interesting to see if the ECB singles out these issues or sends a signal of stability.
5 Final German GDP: Thursday, 7:00. According to the initial release, the German economy grew by only 0.2%, a significant drop from 0.4% seen in Q2. The final read for Q3 will likely confirm the data.
6 German Ifo Business Climate: Thursday, 9:00. Germany’s No. 1 Think-tank has released an upbeat report for October: a score of 110.5 points that beat expectations. Will the US elections curb the bullishness? Probably not: a score of 110.6 is forecast.
7 German GfK Consumer Climate: Thursday, 12:00. This measure of consumer surprised with a big drop in October, to 9.7 from 10 points. Will it recover now? A small rise to 9.7 is on the cards.
8 Belgian NBB Business Climate: Thursday, 14:00. This small country produces a wide survey that is eyed by markets. After two months in positive ground, the indicator fell back to negativity and has been there in the past three months. The score was -1.8 in October. A small improvement to -1.5 is expected.
(Discuss) Important news for this week on EUR ZONE 21-25 Nov. 2016
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