Wednesday preview: US CPI, Bank of Canada in the spotlight
By Alexander Bueso
Date: Wednesday 11 Dec 2024
(Sharecast News) - All eyes in the middle of the week will be on the latest consumer price data due out in the States.
At 1330 BST, the Department of Labor is expected to announce that the annual rate of increase in the US Consumer Price Index picked up by a tenth of a percentage point in November to reach 2.7%.
Core CPI however was expected to be steady at 3.3% year-on-year.
Shortly afterwards, rate-setters in Ottawa were expected to announce that they had slashed short-term official interest rates by 50 basis points to 3.25%.
At noon, OPEC was scheduled to release its monthly oil market report.
Wednesday 11 December
INTERIMS
Cohort, Optima Health
INTERIM DIVIDEND PAYMENT DATE
Card Factory, Cavendish Financial
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Budget Statement (US) (19:00)
Consumer Price Index (US) (13:30)
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
FINALS
TUI AG Reg Shs (DI)
ANNUAL REPORT
TUI AG Reg Shs (DI)
EGMS
Societatea Energetica Electrica SA GDR (Reg S)
AGMS
Baillie Gifford Japan Trust, Gattaca, Guardian Metal Resources, Microsaic Systems, PCI-PAL, Tavistock Investments, Time Out Group, Volution Group
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