Following a volatile week, market participants will shift their attention back to major economic indicators from key economies, particularly US inflation data and Chinese economic figures, this week.
ADVERTISEMENTThe US election dominated market trends last week, investors will redirect their focus to economic fundamentals this week. The US Consumer Price Index (CPI) is poised to be a crucial data point influencing market sentiment.
In Europe, the second estimate of third-quarter GDP will offer further insights into the region’s economic trajectory.
Additionally, market participants will monitor a series of Chinese economic data releases to assess the effectiveness of the government’s stimulus measures in bolstering the world’s second-largest economy.
Europe
According to preliminary flash data from Eurostat, seasonally adjusted third-quarter GDP rose by 0.4% in the euro area from the previous quarter, an increase from 0.2% in the second quarter.
This marks the strongest growth rate in two years, with the German economy expanding by 0.2%, thus avoiding a recession. Growth was also recorded in France and Spain, indicating that lower interest rates and the forthcoming Paris Olympics may have contributed to economic growth.
The second GDP estimate is expected to align with the initial figure.
Meanwhile, Germany is set to release the ZEW Economic Sentiment Index for November, providing further insight into Europe’s largest economy.
Recent data has shown an…
