Calendar Update 6 Nov to 10 Nov, The Central Banks Week 

This week’s economic calendar from 6 November to 10 November is packed with economic data and publications from several central banks across the globe as follows.


On Monday (6 Nov), Germany’s September factory order along with Canada, UK and Eurozone October composite PMI will come out on the same day. As for Asia Pacific, there will be Japan’s September household spending data, China’s trade balance and Reserve Bank of Australia (RBA) interest rate decision late at night or in the local morning of the next day.


On Tuesday (7 Nov), there will be a publication of US’s and Canada’s trade balance, Brazil’s budget balance. As for UK housing, there will be Halifax housing price index and Mortgage rate announcement.

Meanwhile, China and Japan will disclose their October foreign reserves, and Russia’s central bank will decide its interest rate which previously was already at 15%. There is also a scheduled statement from US FOMC member John C. William as well.


On Wednesday (8 Nov), there will be October CPIs publication from Germany in the morning and China in late night. Japan will publish its September current account and the economic projection from BoJ, while Bank of England (BoE) Governor, Andrew Bailey and US Fed chair, Jerome Powell are scheduled to give a statement on the same day.



On Thursday (9 Nov), the European Central Bank (ECB) will publish its monthly Bulletin, the detailed statistical analysis of its economic data that is used to set the interest rate. A publication of the RBA monetary policy statement and scheduled statement from Bank of Canada (BoC) Senior Deputy Governor Carolyn Roger and US Fed chair, Jerome Powell will be on Thursday as well.


On Friday (10 Nov), the UK will announce its 3Q23 GDP, which was previously at 0.6% YoY and 0.2% QoQ. There is also a publication of the UK’s trade balances, business investment and industrial production growth as well.


Lastly, the US weekly mandatory numbers which are scheduled as follows.

On Monday, the US weekly 3- and 6-month treasury bill auctions.

The short-term yields would give insight on how much the bond markets or the big money saver are willing to lend the money to others. The higher short-term rates mean more worries for the long-term lending economy and vice-versa.

On Wednesday, the US EIA oil and gas productions and inventories.

These publications would impact the energy commodities markets by a lot, as they indicated the past week’s demand and energy consumption of the US economy.

On Thursday, US initial jobless claims along with Fed balance sheet and 4- and 8-week treasury bill auctions.

The jobless claims indicated the official unemployment rate in the US, which is recently used to gauge whether the FED will further hike rate or not, as the low claims and hot jobs numbers means the economy could handle a higher interest rate. Meanwhile, the balance sheet indicates how  tight or loose the Fed open market activity is.