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- Lightweight economic calendar to narrate this week’s trading in stocks and other risky assets
- It’s Thanksgiving week and the US stock market will be closed on Thursday
Lightweight Schedule This Week
The week starting Monday, November 22nd, brings a relatively lightweight schedule of economic reports and events. Moreover, the trading week in the financial markets will be shortened for US traders as America celebrates Thanksgiving Day. On that note, there will be no trading on the NYSE and the Nasdaq on Thursday as stock markets will be closed.
On Monday, the UK kickstarts the weekly reports with its composite PMI for October at 03:30 am EST. Later, at 10:00 am EST, the US releases its existing home sales data for October.
On Tuesday, Japan will enjoy a public holiday and its markets will not be operating. The UK returns with its manufacturing and services PMI data, also for October, at 03:30 am EST. At the same time, the German manufacturing PMI data (preliminary) for November will be published at 03:30 am EST.
In the evening, at 08:00 pm EST, the Reserve Bank of New Zealand will report its interest rate decision. At the time of the report, heightened volatility could be expected in the New Zealand dollar.
On Wednesday, Germany releases its Ifo business climate index for November at 04:00 am EST. Later, at 08:30 am EST, the US shifts into gear with the core durable goods orders at 08:30 am EST.
US GDP and Thanksgiving Day Ahead
More importantly, at the same time, the US will report its GDP (gross domestic product) data for the third quarter. The number will show the pace of US economic expansion.
It’s worth noting that on Oct. 28, the US reported its preliminary third-quarter GDP data. The figures showed the US economy grew by 2.0%, less than the expected 2.7%, in the quarter ended September.
On Thursday, Germany will announce its GDP figures for the third quarter at 02:00 am EST. Later, at 07:30 pm EST, Australia reports its retail sales numbers for the month of October.
Thursday is Thanksgiving Day in the US. With this in mind, the stock market will be closed on Thursday in observance of the holiday.
On Friday, the Black Friday, US stock markets will be operating at reduced hours. They will close at 01:00 pm EST.