News

PA Market Report: Overview (Oct 25 – Oct 29) & Upcoming Events October’21

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PA Market Report Overview (Oct 25 - Oct 29)

Oct 26

US Consumer Confidence Increased in October (USA)

The Conference Board Consumer Confidence Index® increased in October, following declines in the previous three months. The Index now stands at 113.8 (1985=100), up from 109.8 in September. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—rose to 147.4 from 144.3 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—improved to 91.3 from 86.7.

Overseas merchandise trade: September 2021 (New Zealand)

Key facts This release refers to trade in goods only. September 2021 month: September 2021 monthly values are actual and compared with September 2020. • Goods exports rose $387 million (10 percent) to $4.4 billion. • Goods imports rose $1.5 billion (30 percent) to $6.6 billion.

Oct 27

Consumer Price Index, Australia

Key statistics • The Consumer Price Index (CPI) rose 0.8% this quarter. • Over the twelve months to the September 2021 quarter, the CPI rose 3.0%. • The most significant price rise were for New dwelling purchase by owner-occupiers (+3.3%) and Automotive fuel (+7.1%). Trimmed mean inflation highest in over five years: Annual CPI inflation was 3.0 per cent in the September quarter, with the unwinding of free childcare in 2020 continuing to have an effect.

Swiss Govt: SNB Emphasized Need For Expansive Monetary Policy (Switzerland)

Switzerland Swiss govt says #SNB emphasized need for expansive mon pol.

Says SNB said #CHF remains highly valued.

And it is: 1.0650 trading #EURCHF, lowest since mid 2020. Go to work Jordan!

Monetary Policy Report – October 2021 (Canada)

Infl ation targeting and the economy ï‚§ The Bank’s mandate is to conduct monetary policy to promote the economic and fi nancial well-being of Canadians. ï‚§ Canada’s experience with infl ation targeting since 1991 has shown that the best way to foster confi dence in the value of money and to contribute to sustained economic growth, employment gains and improved living standards is by keeping infl ation low, stable and predictable. ï‚§ In 2016, the Government and the Bank of Canada renewed Canada’s infl ation-control target for a further fi ve-year period, ending December 31, 2021.

Oct 28

Monetary policy decisions (Euro Zone)

The Governing Council continues to judge that favourable financing conditions can be maintained with a moderately lower pace of net asset purchases under the pandemic emergency purchase programme (PEPP) than in the second and third quarters of this year. The Governing Council also confirmed its other measures, namely the level of the key ECB interest rates, its forward guidance on their likely future evolution, its purchases under the asset purchase programme (APP), its reinvestment policies and its longer-term refinancing operations.

Lagarde: PEPP Is Going To End In March 2022 (Euro Zone)

Lagarde: PEPP Is Going To End In March 2022

Oct 29

RBA doesn’t announce any purchases to defend bond yield target (Australia)

RBA DOESN’T ANNOUNCE ANY PURCHASES TO DEFEND BOND YIELD TARGET

KOF Economic Barometer: Recovery continues (Switzerland)

The KOF Economic Barometer remains virtually unchanged in October. After repeated weakenings from a historically high level in the summer of this year, the Barometer has stabilised for the time being at 110.7 points. It is thus once again well above its long-term average. The prospects for the Swiss economy until the end of 2021 remain positive, given that the containment of the virus continues.

Gross domestic product by industry, August 2021 (Canada)

Real gross domestic product (GDP) rose 0.4% in August, led by increases in accommodation and food services, retail trade and transportation. The continued easing of public health restrictions and further reopening across the country increased demand across many close contact service industries

U.K. considering dispute settlement proceedings under TCA (UK)

UK SPOKESPERSON: BREXIT MINISTER FROST STATED THAT IF FRENCH ACTIONS WERE CARRIED OUT AS PLANNED ON NOVEMBER 2ND, THE EUROPEAN UNION WOULD BE IN VIOLATION OF THE TRADE AND COOPERATION AGREEMENT.

European Commission: Role of the European Court of Justice in the Northern Ireland Protocol is not up for discussion (Euro Zone)

BREAKING: The European Commission has told member states that the role of the European Court of Justice (ECJ) in the Northern Ireland Protocol is not up for discussion.