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News

Schedule for today, Tuesday, December 3, 2019

Time Country Event Period Previous value Forecast
00:30 Australia Current Account, bln Quarter III 5.9 6.3
03:30 Australia RBA Rate Statement    
03:30 Australia Announcement of the RBA decision on the discount rate 0.75% 0.75%
07:30 Switzerland Consumer Price Index (MoM) November -0.2% -0.1%
07:30 Switzerland Consumer Price Index (YoY) November -0.3% -0.1%
09:30 United Kingdom PMI Construction November 44.2 44.5
10:00 Eurozone Producer Price Index, MoM October 0.1% 0%
10:00 Eurozone Producer Price Index (YoY) October -1.2% -1.9%
17:30 Eurozone ECB's Benoit Coeure Speaks    
21:30 Australia AIG Services Index November 54.2  

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18:22 09.12.2019
BoC likely to cut rates just once in 2020 – TDS
Analysts at TD Securities say they have changed their call and are now looking for the Bank of Canada (BoC) to cut rates just once in April 2020.“While the Canadian economy has thus far been resilient to global headwinds, we do not believe recent actions taken by the US and China to enough to meaningfully resolve the elevated level of trade uncertainty which should prompt the BoC to provide more stimulus to offset the impact of global headwinds.Underscoring the BoC's (relatively) constructive
18:00 09.12.2019
U.S. CPI likely to post 0.2% mom increase – Deutsche Bank
Analysts at Deutsche Bank think that the main highlight for the U.S. markets is CPI release on Wednesday and the retail sales figures on Friday. “For the CPI, the consensus reading is expecting a +0.2% mom increase in both the main CPI and core CPI, while for retail sales a +0.4% mom increase is expected.In more details on the CPI and detailing DB’s above consensus call, our economists suggest the gap between trimmed mean CPI and core CPI was 14bps in October, while the gap between the
17:38 09.12.2019
Canada posts firm housing starts data for November – RBC
Josh Nye, the senior economist at the Royal Bank of Canada (RBC), notes that the Canadian housing starts were little changed at 201,000 in November with the six-month trend still at a robust 219,000.“Housing starts held above the 200,000-mark for a sixth consecutive month in November and another solid month for permit issuance (in October) suggests home building will remain firm through the turn of the year.On a six-month trend basis, activity has come off multi-year highs in Quebec and BC,
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