Markets are once again waiting for the CPI, in this case from the Eurozone by EFE

Madrid, November 13 (.). Markets will once again be aware of inflation this week and in this case it will be the CPI data for October in the Eurozone, in addition to Eurostat’s publication of the second reading of the development from the GDP and the result of the ZEW Investor Confidence Index in the Eurozone and Germany.

As analyst and partner at Luna Sevilla Property Advisors José María Luna told EFE, inflation in the eurozone is “very important” because “the European economy is not as strong as the US economy and this number can indicate what the European Central Bank (ECB) is doing.” He will do in his push to raise interest rates.”

On Tuesday the 15th of this month, the ZEW Institute will publish the results of its survey of investor confidence in Germany and the eurozone for November, while Eurostat will publish the second reading of the development of GDP in the eurozone between June and September.

It will be Thursday, the 17th, when final data on the development of the October CPI will be released across the European Monetary Area, as the initial estimate of the rebound at 10.7% is expected to be confirmed. According to analysts at Singular Bank.

Eurozone inflation data will be released after the release of the better-than-expected US CPI this week, coming in at 7.7% in October compared to 8.2% in September.

Similarly, Luna noted that this week the markets will have to watch if the euro is accelerating and the dollar is falling because, in his opinion, that “will affect the markets, especially in emerging markets”.

The week that begins in the US, the development of October retail sales and industrial production, as well as the results of the Empire manufacturing index and the Philadelphia Fed Survey, will be released.

The development of retail sales for October will be published on Tuesday, in a context in which the ability of companies to pass the increase in costs to their customers is of significant importance, with the impact on business margins.

In the case of US retail sales, Luna noted that this data can predict what the Christmas campaign will be like in this country.

On Thursday, the 17th, Philadelphia’s report on federal employment in the US will be released, as well as homebuilding data in that country, according to Luna.

On the same day, the development of industrial production in the past month will be published.

In the Asia Pacific, the focus will be on the two largest economies with the release of Chinese Industrial Production, October Retail Sales and Japan’s GDP.

Tuesday will also be when Japan’s Q3 GDP data will be released.

For its part, in China, the National Statistics Office will announce the development of retail trade and industrial production in October.

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