Tuesday, December 06, 2022

German GDP and Fed minutes mark Thanksgiving week

After a few weeks marked by rising inflation data across the planet’s main economic forces and in which the world’s most important central banks are outlining their rate hike plans for the end of the year and the beginning of 2023, this week it is Europe- Learn the GDP of Germany’s locomotives and the total services and manufacturing sector PMI data for France, the United Kingdom, Germany, the United States and the European Union.

“In the coming week, on the inflation side, US producer prices (Monday), UK consumer prices (Wednesday) and US import and export prices (Wednesday) differ,” Allianz Global said. “In addition, a whole range of important economic indicators are published,” the manager explained, referring to industrial production in the euro area (Monday) and China (Tuesday) and the ZEW confidence index for the euro area.

Of course, in a week marked by the holiday this Thursday for Thanksgiving festivities on Wall Street, you should also have to keep track In the publication of the minutes of the last monetary policy meeting of the Federal Reserve in the US. And it is that, in spite of everything, the road map of central banks in increasing the value of money continues to monopolize the center of the macroeconomic debate. Top most, Recent “discrepancies between the optimistic views of some ECB members and reports earlier in the week suggested that the Governing Council’s consensus favors a recession by 50 basis points for a December hike.”“, they say from the Monex analysis department.

“We continue to expect another hike in interest rates in December and another 50 basis points in Q1 of 2023. This is in line with markets, which have lowered their rate expectations,” he said. Let us tell you about investments in this regard.

And this, as Hans-Jörg Naumer, Director Global Capital Markets and Thematic Research of Allianz Global Investors, historically “It has mainly been the change in the direction of monetary policy which has led to an unprecedented change in trend in the history of the markets. fixed and variable income

The industrial production of the world’s largest economy America will be published on Wednesday. Key on Thursday’s agenda are the Philadelphia Fed index, the Kansas City Fed index of the manufacturing sector and initial jobless claims (all from the US).

The series will kick off with GDP data in Germany on Friday, which is expected to add to the figures a sense of stagnation in the economy. “As economic growth slows, demand from goods to services rebounds, and trade barriers rise,” says Ben Ladler, global market strategist at multi-asset investment platform eToro. Goods-oriented economies such as Germany suffer from more closed or service-led countries, from the US and China to Spain and Italy.”

COP27 pending

First of all, this Sunday, we will be aware of the final document prepared at COP27 by the participating countries with the most important agreements aimed at preventing global warming, the publication of which has been delayed in recent hours due to the various meetings . To be able to agree on some important conclusions in Egypt.

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