The highlights of the week for investors will be OPEC meeting on November 30th and the change of the Fed chairperson. The result of the vote on the tax reform in the USA are also expected. Besides, the week is going to rich in macrostatistics.
On Monday, November 27th, the USA will release new homes sales report. New-York Fed president, William Dudley’s speech at Berkeley event, California, can also be interesting.
On Tuesday, November 28th, the Bank of England will release the financial stability report, which will clarify future changes of the regulator monetary policy. Canada will report the data on raw material prices. The Reserve Bank of New Zealand will publish financial stability report, and the USA will release the data on consumer confidence. But the highlight of the day will be the Fed border member, future Fed president, Jerome Powell’ speech at the Senate Hearing for the confirmation of his nomination to the new post.
On Wednesday, November, 29th, the key event will be the present Fed chairperson, Janet Yellen’s speech to Banking and Financial Services Committee in Washington with the report on economic outlook in the country. Investors will be also interested in GDP data for the third quarter and the publication of Pending Home Sales index. Besides, there will be preliminary data on Germany inflation and net lending in the UK.
On Thursday, November, 30th, market participant will pay great attention to OPEC meeting, where it will be decided on the oil cut deal extension until the end of 2018. Moreover, PMI in New Zealand will be published. Private capital expenditures and housing starts in Australia will be published as well as the date on consumer inflation in Eurozone. Besides, there will be the publications of Personal Income and Spending in the USA, Personal Consumption Expenditures Price Index in the USA, which is an important indice for the Fed to identify inflation.
On Friday, December 1st, the USA, Germany, China and Great Britain will release the data on Manufacturing PMI, and the report on GDP and unemployment will be released in Canada.