There were few releases on Thursday, but some events are worth attention.
The Ministry of Internal Affairs of Japan issued the CPI data. This indicator has shown some growth in October. CPI increased for 1,4% as compared to September’s 1,2%.
The Head of Bank of Japan has made some comments on Thursday. He mentioned that inflation target need time to be reached. He additionally commented that he sees no necessity in expanding QE program currently. However, Kuroda underlined that the current monetary policy should go on.
Industrial production restored in October after September’s decline. Experts think that this indicator shows the possibility of economic growth in this quarter.
Good news comes from Europe. The deal is close to be done between the UK and the EU. However, it is still need approval by both sides.
Italy refuses to follow Eurozone budget requirements. Moreover, Italian government is going to support their own position in future.
Consumer confidence in Eurozone declined in October according to the official data.
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