Daily Economic Calendar, November 7, 2017

Starting things off at 7 o’clock in the morning is the German Industrial Production for September. Output rebounded strongly in August, reversing two months of decline. Swiss National Bank Foreign Currency Reserves for October follow at 8. Reserves have been steadily rising for the past 3 months, suggesting an active intervention in the market.

UK Halifax House Price Index for October is out at half-past 8. The Index has been growing more than expected for the past 3 months. European Central Bank President Mario Draghi will be speaking at 9 o’clock, delivering the opening remarks at the ECB forum on banking supervision in Frankfurt. Euro Zone Retail PMI for October comes at 9:10. The Index rebounded in September in light of strong French and German data; moreover, the Italian PMI turned positive for the first time in almost 2 years. Euro Zone Retail Sales for September will be available at 10. Sales have been decreasing for the past two months, following 6 months of growth. Coming up next at 3 PM GMT is the US JOLTS Job Openings for September, and the number of openings inched somewhat lower in August, having reached a record-high level the previous month. Bank of Canada Governor Stephen Poloz will be giving a closely watched speech at 10 past 6 on the topic of understanding inflation. The text of the speech will be released 15 minutes earlier, and a press conference will follow at 7. US Consumer Credit for September is out at 8. Credit grew at a slower pace in August as gains in credit card loans was partially reversed by a slowdown in education and car loans. And preliminary September Japanese Leading Index concludes the schedule at 5 AM. The Index gained two points in August and now stands at a 3 year high. That’s all for Tuesday’s Economic Calendar.