In the European session, we don’t have much on the agenda other than the Swiss Q3 GDP report and the final Italian CPI. None of the data is going to change anything for the respective central banks, so the market reaction will likely be fairly muted.
In the American session, the main highlight is the Canadian CPI report. The BoC’s favorite inflation measures, the Trimmed Mean CPI Y/Y, is expected at 3.0% vs 3.1% prior. Whatever the data is going to show, the central bank won’t cut or hike at this point, so the reaction might be negligible.
Central bank speakers:
08:15 GMT/03:15 ET – ECB’s de Guindos (neutral – voter)09:00 GMT/04:00 ET – ECB’s Sleijpen (neutral – voter)13:20 GMT/08:20 ET – BoE’s Mann (hawkish – voter)14:00 GMT/09:00 ET – Fed’s Williams (neutral – voter)14:30 GMT/09:30 ET – Fed’s Jefferson (neutral – voter)14:45 GMT/09:45 ET – ECB’s Lane (neutral – voter)16:00 GMT/11:00 ET – ECB’s Cipollone (neutral – voter)18:00 GMT/13:00 ET – Fed’s Kashkari (hawkish – voter in 2026)20:35 GMT/15:35 ET – Fed’s Waller (dovish – voter)
This article was written by Giuseppe Dellamotta at investinglive.com.