Daily Economic Calendar, November 29, 2017

The news release schedule is packed on Wednesday, the 29th of November, so let’s get right to it. Starting things off at 7 AM is the Swiss UBS Consumption Indicator for October. The Index has been rising for the past 3 months and now stands at its highest level since early 2016. UK Net Lending to Individuals for October follows at half past 9.

Lending continued growing in September, but at a slightly slower pace than the 5.7 billion pound gain the previous month. Coming up next at 1 PM GMT is the closely watched preliminary estimate of German November CPI. The annual inflation inched slightly lower in October, having stood at 1.8% for the previous two months. Another high importance event is scheduled at half-past 1, and it’s the second reading of US third-quarter GDP. The preliminary estimate shows a very solid 3% annualized growth, and the figure could be revised upwards. Bank of England Governor Mark Carney will be giving a closely watched speech at 2, discussing the topic of the Fair and Effective Markets Review. Another high importance speech follows at 3 when Fed chair Janet Yellen will be testifying on the US economic outlook before Joint Economic Committee of Congress. US Pending Home Sales for October are out at the same time. Sales stood unchanged in September, following two months of decline. Fed will publish its latest Beige Book at 7, which is of some interest as it comes ahead of the December meeting, which is widely anticipated to bring a rate hike. Japanese Preliminary Industrial Production for October will be available at 11:50. Production slipped in September, partially reversing a strong 2% increase the previous month. New Zealand ANZ Business Confidence for November is scheduled at midnight. The Index lost more than 10 points in October, slipping below zero for the first time in 2 years. UK GfK Consumer Confidence for November is released one minute later. Consumer confidence inched slightly lower in October, although the decline was in line with estimates. Two news releases regarding the Australian economy in October follow at half past midnight, including Building Approvals. September data surprised very much on the upside, posting the strongest growth in 4 months. Private Sector Credit, however, grew at a slightly slower pace than the point 5% gain recorded in August. Chinese November PMI is out at 1. Both the manufacturing and September PMIs eased in October, although they remain in the positive territory. And Japanese Housing Starts for October conclude this busy schedule at 5. Housing starts have been declining for the past 3 months, and the September decline was the strongest in 2 years.