The main events of Wednesday!

On Wednesday, October 24, the day is saturated with data on business activity in the Eurozone and the USA. Also on this day will publish the meeting results of the Bank of Canada, which is expected to raise rates.

At 10:30 – data on business activity in Germany:
– Index of business activity in the manufacturing sector (PMI) of Germany (October),  forecast of 53.5,  previous value  53.7.
– Index of business activity in the services sector in Germany (October), forecast 55.5,  previous value  55.9.

At 11:00 – a report on business activity in the euro area:
– Manufacturing PMI (October), forecast 53.0, previous 53.2.
– Markit Composite Business Activity Index (PMI) (Oct), forecast 53.9, previous value 54.1.
– Index of business activity in the services sector (Oct), forecast 54.5,  previous value  54.7.

At 11:30 –  gross mortgage approvals in the UK,  forecast 39.0K,  previous value 39.4K.

At 16:45 – data on business activity in the United States:
– Manufacturing PMI (Oct), forecast 55.5, previous 55.6.
– Markit Composite index of business activity (PMI), previous value 53.9.
– Index of business activity (PMI) in the services sector (Oct),  forecast 54.1,  previous value 53.5.

At 17:00 – statistics on sales of new housing in the US:
– New home sales (m / m) (September), forecast -1.4%,  previous value  3.5%.
– New home sales (September), forecast 630K,  previous value  629K.

Also at 17:00 – the results of the Bank of Canada meeting will be announced:
– Publication of the Bank of Canada monetary policy report.
– Bank of Canada rate statement.
– Interest rate decision, forecast  1.75%,  previous value  1.50%.

At 17:30 – data on US oil inventories:
– Crude oil inventories, forecast 3,550M,  previous value  6,490M.
– Cushing (Oklahoma) Crude oil inventories, previous value 1,776M.

At 18:15 – BoC press conference will be held.

At 21:00 – the publication of the Beige Book by the US Federal Reserve will take place.

Hanzenko Anton