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Week Ahead Economic Preview: Week Of 29 November 2021

By IHS Markit (Chris Williamson)Market OverviewNov 26, 2021 09:50
uk.investing.com/analysis/week-ahead-economic-preview-week-of-29-november-2021-200503416
Week Ahead Economic Preview: Week Of 29 November 2021
By IHS Markit (Chris Williamson)   |  Nov 26, 2021 09:50
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Worldwide manufacturing and services PMIs will be released next week for a detailed look into November economic conditions. The turn of the month also brings the US jobs report for November and eurozone inflation data, all of which will be watched intently for central bank policy guidance.

The past week has been one of see-sawing sentiment towards inflation and central bank outlooks, particularly the Fed. The renomination of Fed chair Jerome Powell - a relatively less dovish choice compared to Lael Brainard (now also the vice-chair pick) - saw equities trading lower at the start of week. That changed ahead of the Thanksgiving holidays, whereby data, including the IHS Markit Flash US Composite PMI revealed a steady recovery of the US economy. Details from the November Fed FOMC minutes meanwhile pointed to mixed views on inflation, but hinted at a preparedness to raise rates "sooner than participants currently anticipated" if warranted by the data, therefore placing additional focus on the week's upcoming employment report, another of the Fed's highly watched gauges.

The inflation situation meanwhile also runs hot in the eurozone, as indicated by the flash PMI data. The key focus for the region will therefore be on the flash HICP inflation reading.

APAC economies will get a fresh set of PMI updates for November, one keenly watched for sustained growth amid the recovery from the latest Delta wave and for any signs of supply constraints abating.

US Employment Report
US Employment Report

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In no event shall Markit be liable for any special, incidental, or consequential damages, arising out of the use of the data. Purchasing Managers' Index™ and PMI™ are either registered trademarks of Markit Economics Limited or licensed to Markit Economics Limited. Markit is a registered trade mark of Markit Group Limited."

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Week Ahead Economic Preview: Week Of 29 November 2021
 

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Week Ahead Economic Preview: Week Of 29 November 2021

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