On Thursday, attention needs to be paid to the final data on the Consumer Price Index for October in Germany, due at 9 am (all times stated in GMT +2). The index is expected to remain unchanged at 0.3% against the previous month and 0% on the last year. ECB President Draghi speech is due at 10:30 am, as he appears at a Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels. In his speech, he could touch upon the current state of the European economy and future prospects in monetary policy. September data on Industrial Production in the eurozone is due at 12 pm. According to forecasts, the index will fall by 0.5% against the previous month but will grow by 1.3% on the last year that could support the Euro. There is a number of important appearances of responsible for the economy officials in the US on Thursday. At 4:30 pm, Fed’s Yellen speech is due, as she appears at the Conference on Monetary Policy Implementation and Transmission in the Post-Crisis Period in Washington D.C., and at 5 pm Fed’s Stanley Fischer will present his speech on the Transmission of Exchange Rate Changes to Output and Inflation at the same venue. Furthermore, at 7:15 pm Fed’s William Dudley speech is expected. Speeches by Fed officials traditionally attract investors’ attention as they can contain commentaries and hints on future monetary policy plans. Finally, on Thursday night at 6:30 am markets will be waiting for September data on Industrial Production in Japan. The index is expected to remain unchanged at -0.9% against the previous year and 1% against the previous month.

News of the day. Thursday 12.11.2015




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