Market mover of the week: ECB in the spotlight
Market mover of the week from 23 to 27 October: the ECB returns to the world economic scene with the highly anticipated meeting to understand if there is still room for a rate increase.
Not only that, the Eurozone will also be the protagonist with the reading of the preliminary PMI data, which will also be revealed for Germany and the USA.
Also in focus is the preliminary data on the US GDP and the reading of a very important item for US inflation, the PCE index.
Maximum attention also for the indications on trust in Germany from GfK and Ifo.
Italy will be in the spotlight with industrial sales and the confidence of companies and consumers.
Below, all the market movers for the week from 23 to 27 October 2023 in detail.
Market mover Monday 23 October 16:00, EUR: Preliminary Eurozone consumer confidence Market mover Tuesday 24 October 08:00, GBP: Unemployment rate UK 08:00, EUR: GfK consumer sentiment report Germany 09:30, EUR: Preliminary Composite, Manufacturing, Services PMI Germany 10:00, EUR: Preliminary Eurozone Composite, Manufacturing, Services PMI 10:30, GBP: Preliminary Composite, Manufacturing, Services PMI UK 15:45, USD: Preliminary Composite PMI, Manufacturing, Services tertiary purchasing managers UsaMarket mover Wednesday 25 October 10:00, EUR: IFO German business confidence index 2:00 pm, USD: Building permits issued USA 16:30, USD: Crude oil stocks UsaMarket mover Thursday 26 October 2.15pm, EUR: Eurozone interest rate decision 2.30pm, USD: US Preliminary GDP (Quarterly) 2.30pm, USD: Initial claims for unemployment benefits US 2.45pm, EUR: ECB Press Conference EurozoneMarket mover Friday 27 October 10:00, EUR: Business Confidence Level Italy 10:00, EUR: Consumer Confidence Index Italy 10:00, EUR: Industrial Sales Italy 14:30, USD: Main Shopping Price Index for US consumption 2.30pm, USD: US PCE price index
