{"id":10360,"date":"2023-10-16T02:57:38","date_gmt":"2023-10-16T02:57:38","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=10360"},"modified":"2023-10-16T02:57:38","modified_gmt":"2023-10-16T02:57:38","slug":"week-ahead-markets-to-focus-on-us-retail-sales-and-cpi-for-new-zealand-uk-and-canada","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/week_ahead\/week-ahead-markets-to-focus-on-us-retail-sales-and-cpi-for-new-zealand-uk-and-canada\/","title":{"rendered":"Week Ahead: Markets to Focus on US Retail Sales and CPI for New Zealand, UK, and Canada"},"content":{"rendered":"\n
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Traders should keep a close eye on US retail sales and the Consumer Price Index (CPI) reports from New Zealand, Canada, and the UK this week, as these updates could have a substantial influence on the market. Exercise caution and stay up to date with the latest developments to ensure a successful week of trading.<\/p>\n\n\n\n

Here are some notable market highlights for the upcoming week:<\/p>\n\n\n\n

New Zealand Consumer Price Index (17 October 2023)  <\/h5>\n\n\n\n

In Q2 2023, the CPI for New Zealand increased by 1.1%. <\/p>\n\n\n\n

The CPI data for Q3 is set to be released on 17 October, with analysts anticipating a 1.9% increase.<\/p>\n\n\n\n

UK Claimant Count Change (17 October 2023)<\/h5>\n\n\n\n

The number of people claiming unemployment benefits in the UK increased by 900 in August 2023. <\/p>\n\n\n\n

An additional increase of 22,000 is anticipated in the upcoming data, due for release on 17 October.<\/p>\n\n\n\n

Canada Consumer Price Index (17 October 2023) <\/h5>\n\n\n\n

Canada’s CPI rose by 0.4% in August 2023 compared to the previous month. <\/p>\n\n\n\n

Analysts expect a 0.1% increase in the September figures, which are scheduled for release on 17 October.<\/p>\n\n\n\n

US Retail Sales (17 October 2023) <\/h5>\n\n\n\n

US retail sales saw a month-over-month increase of 0.6% in August 2023, surpassing the 0.5% uptick recorded in July 2023. <\/p>\n\n\n\n

Analysts anticipate a 0.3% increase in the data for September, set to be released on 17 October.<\/p>\n\n\n\n

UK Consumer Price Index (18 October 2023) <\/h5>\n\n\n\n

CPI in the UK eased to 6.7% in August 2023 from 6.8% in the previous month, the lowest rate since February 2022. <\/p>\n\n\n\n

CPI figures for the next reporting period are expected to further decrease to 6.5%. <\/p>\n\n\n\n

Employment in Australia (19 October 2023) <\/h5>\n\n\n\n

Employment in Australia increased by 64,900 in August 2023, while the unemployment rate stood at 3.7%.<\/p>\n\n\n\n

Analysts anticipate that the employment figures for September 2023 will reflect an increase of 20,900 jobs, with the unemployment rate expected to remain at 3.7%. This data is scheduled for release on 19 October.<\/p>\n\n\n\n

UK Retail Sales (20 October 2023) <\/h5>\n\n\n\n

Retail sales in the UK rose by 0.4% in August 2023, partially recovering from a 1.1% decline in July. <\/p>\n\n\n\n

The next set of data will be released on 20 October, with analysts expecting a decrease of 0.3%.<\/p>\n\n\n\n

<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

Traders should keep a close eye on US retail sales and the Consumer Price Index (CPI) reports from New Zealand, Canada, and the UK this week, as these updates could have a substantial influence on the market. Exercise caution and stay up to date with the latest developments to ensure a successful week of trading. Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-10360","post","type-post","status-publish","format-standard","hentry","category-week_ahead"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t