The main events of Wednesday!

On Wednesday, November 7, market attention will be focused on US oil inventories and on the RBNZ meeting results.

At 04:00 –   inflation expectation (q/q) in New Zealand,  previous value 2.0%.

At 09:00 –  industrial production in Germany (m/m) (September), forecast  0.1%,  previous value -0.3%.

At 10:30  – data on real estate in the UK:
– Halifax House price index  (y/y) (oct), forecast 1.2%, previous value 2.5%.
– Halifax House price index (m/m) (October),  forecast  0.3%,  previous value  -1.4%.

At 12:00 –  retail sales (m/m) (September) in the eurozone, forecast 0.1%,  previous value  -0.2%.

At 17:00 – index of business activity (PMI) Ivey (Oct) of Canada,  forecast 50.9,  previous value  50.4.

At 17:30 – data on US oil inventories:
– Crude oil inventories, forecast 2.050M, previous 3.217M.
– Cushing (Oklahoma) crude oil inventories, previous value  1.878M.

At 22:00 –  RBNZ meeting results will be published:
– Interest rate decision,  forecast 1.75%, previous value 1.75%.
– RBNZ Monetary policy statement the RBNZ.
– RBNZ Rate Statement.

At 23:00 – the press conference of the RBNZ will be held.

Hanzenko Anton