Date
GMT+00:00
Event
Dec, 12 04:30
Tertiary Industry Index
Tertiary Industry Index
Country:
Date: Dec, 12 04:30
Importance: Low
Previous: 1.8%
Forecast: -
Actual: -
Period: Oct

Evaluates the monthly change in output produced by Japan's service sector. Because this report excludes manufacturing and only measures service industries catering mainly to domestic needs, the Tertiary Industry Index is a key indicator of domestic activity. The index incorporates data from firms involved in wholesale and retail trade, financial services, health care, real estate, leisure and utilities. The report excludes industrial manufacturing sectors that tend to be influenced by foreign demand. The tertiary industry index is posted monthly as a percentage change from the previous month's figure.

Dec, 12 06:45
SECO Economic Forecasts
SECO Economic Forecasts
Country:
Date: Dec, 12 06:45
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: -

The State Secretariat for Economic Affairs (SECO) “is the federal government's centre of expertise for all core issues relating to economic policy. Its aim is to ensure sustainable economic growth by putting in place the necessary regulatory and economic policy conditions.” - Source www.seco.admin.ch

SECO Economic Forecasts are released quarterly and include expectations for GDP and its components such as: consumption expenditure (personal and government), construction investment, investment in equipment and software, exports, imports, employment (full time equivalent), rate of unemployment and the Consumer Price Index (CPI).

Dec, 12 07:00
CPI
CPI
Country:
Date: Dec, 12 07:00
Importance: Low
Previous: -0.8% m/m; 1.1% y/y
Forecast: -0.8% m/m; 1.1% y/y
Actual: -
Period: Nov

Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in Germany , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical German household might purchase. An increase in the index indicates that it takes more Euros to purchase this same set of basic consumer items.

The German CPI is significant as one of the primary gauges of inflation. As the largest Eurozone economy, inflation in Germany will contribute significantly to inflation in the Eurozone and the behavior of the European Central Bank. High or rising inflation acts as a signal to the ECB to raise interest rates, an action which will result in the strengthening of the Euro. The headline figure for CPI is the percentage change in monthly and annualized percentage term.

Dec, 12 07:00
Harmonized CPI
Harmonized CPI
Country:
Date: Dec, 12 07:00
Importance: Low
Previous: -0.8% m/m; 1.2% y/y
Forecast: -0.8% m/m; 1.2% y/y
Actual: -
Period: Nov

The Harmonized Index of Consumer Prices (HICP) reflects changes in the prices of consumer goods and services in a specified period of time. The HICP measures changes of the average price level for goods and services that households consume (the fixed consumer basket). HICP is pure price index. It does not reflect the changes in buying or consumption patterns, brands, and does not reflect the effect of outlet and service provider substitution.

Dec, 12 07:30
Producer & Import Prices
Producer & Import Prices
Country:
Date: Dec, 12 07:30
Importance: Low
Previous: -0.2% m/m; -2.4% y/y
Forecast: 0.2% m/m; -2.2% y/y
Actual: -
Period: Nov

Tracks inflation in producer and import prices in Switzerland . The headline figure is the percentage change in the index from the previous period.

Changes in this index will generally precede changes in the consumer price index, as higher import costs and producer prices tend to eventually be passed to consumers. As with any indicator of inflation, increases in producer and import prices tend to act as an appreciating weight for the Swiss franc because inflationary pressures are almost always met with interest rate increases from the Swiss central bank.

The figure represents changes in the combined producer and import price index, calculated from changes in producer prices and import prices, giving appropriate weight to the proportion of domestic and imported goods.

Dec, 12 07:45
Consumer Price Index
Consumer Price Index
Country:
Date: Dec, 12 07:45
Importance: Low
Previous: 0.1% m/m; 1.0% y/y
Forecast: 0.1% m/m; 1.0% y/y
Actual: -
Period: Nov

Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures. Simply put, inflation reflects a decline in the purchasing power of the Euro in France , where each Euro buys fewer goods and services. CPI is the most popular way to measure changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical French household might purchase. An increase in the index indicates that it takes more Euros to purchase the same set of basic consumer items.

Dec, 12 08:30
★★★
SNB Basic Interest Rate
SNB Basic Interest Rate
Country:
Date: Dec, 12 08:30
Importance: High
Previous: -0.75%
Forecast: -0.75%
Actual: -
Period: Dec
The National Bank of Switzerland introduced a new key rate, abandoning its binding to Libor. One of the most important indicators for currency. Rising rates or even the intention to tighten policies contribute to the growth of the currency.
Dec, 12 08:30
★★★
SNB Monetary Policy Assessment
SNB Monetary Policy Assessment
Country:
Date: Dec, 12 08:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

It's the primary tool the SNB Governing Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

Dec, 12 09:00
★★★
SNB Press Conference
SNB Press Conference
Country:
Date: Dec, 12 09:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Press Conference SNB takes half an hour after the decision on the bet. Speech may contain unexpected declarations that move markets, but the main remarks solutions will be available a bit earlier during the announcement of the rate decision.
Dec, 12 09:00
Quarterly Unemployment Rate
Quarterly Unemployment Rate
Country:
Date: Dec, 12 09:00
Importance: Low
Previous: 9.9%
Forecast: 9.8%
Actual: -
Period: 3 quarter
his is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. Tends to have a muted impact because there are several earlier indicators related to Eurozone labor conditions. Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
Dec, 12 10:00
Industrial Production
Industrial Production
Country:
Date: Dec, 12 10:00
Importance: Low
Previous: 0.1% m/m; -1.7% y/y
Forecast: -0.2% m/m; -2.4% y/y
Actual: -
Period: Oct

Measures the volume change of output of the manufacturing and energy sector. The industrial sector contributes to only a quarter of the Eurozone GDP. However, most variations in the GDP come from the industrial sector, whereas other sectors that contribute far more to national output historically have been very consistent regardless of economic cycles. That is why tracking industrial production is very important for forecasting GDP changes.

Note: The Industrial Production figure can be adjusted for the number of working days in the given time period and/or seasonally to account for weather related changes in production.

Dec, 12 12:45
★★★
ECB Interest Rate Announcement
ECB Interest Rate Announcement
Country:
Date: Dec, 12 12:45
Importance: High
Previous: 0.00%
Forecast: 0.00%
Actual: -
Period: Dec

The European Central Bank's decision to increase, decrease, or maintain interest rates. Controlling interest rates is the key mechanism of monetary policy, and the ECB influences interest rates by first changing the "overnight rate" through the purchase or sale of government bonds. Lowering rates can spur economic growth but may incite inflationary pressures. On the other hand, increasing rates slow inflation but can stymie growth.

The European Central Bank makes a concerted effort to be transparent in its policy. Frequent speeches by Bank Governors make policy goals clear and the Bank adheres to a stated inflation target of 2% changing rates accordingly to meet that goal. Because of this, rate decisions are generally well anticipated, but very important nonetheless.

The ECB's rate decision has an enormous influence on financial markets. Because the ECB interest rate is essentially the return investors receive while holding Euros, changes in rates affect the exchange rate of the Euro.

Because rate changes are usually well anticipated, the actual decision does not tend to impact the market. But if the ECB changes rates they will hold a press conference where some rationale for the decision is offered. Market participants pay close attention to the press conference, hoping to clue in on the likelihood of further rate changes. Often, the language used in the press conference holds important signals to how ECB feels about inflation and the economy. The ECB President's language will be "hawkish" if he is pessimistic about the inflation outlook for the economy. In that case, the market sees a higher chance of future rate hike. Conversely, if the ECB President believes inflation is in check, his remarks will be "dovish," and the market perceives a future rate increase to be unlikely.

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