There were few data releases on November 7, but some of them worth your attention:

Asia and Pacific region

New Zealand’s unemployment rate declined to 3,9% from 4,5%. This figure is the lowest since Q2 2008. The head of RBNZ has underlined that he is expecting GDP increase in 2019. He thinks that the New Zealand Dollar’s rate is going to support export income.

Salaries in Japan surged as compared to the previous period. This is a warning sign as the decrease in salaries may negatively impact purchasing power.

Europe

German\s manufacturing production data has shown growth for the second month in a row. It is added 0,2%. Experts expected 0,1% growth.

Retail sales data remained unchanged in Eurozone, but Italian data surged for 0,8%. Experts underline that situation with Italian debt may be crucial as the price of loans is growing constantly.

America

Canadian IVEY PMI data has shown increase in business activity for the reported period.

The most important event for November 8 is FOMC meeting. Experts expect no changes in Interest Rates.