Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow
Top tier US economic data on tap
Market participants look ahead to the release of duo of economic reports on manufacturing and jobs due Thursday.
Philly Fed manufacturing index for November is expected to dip to 25.0 in November from 27.9 in October.
On the jobs data front, economists forecast the number of individuals who filed for unemployment insurance for the week ended Nov. 11, to fall by 4,000 to 235,000.
Ahead of the manufacturing and jobs data, the dollar was roughly unchanged against its rivals.
Eurozone top-tier macro data on tap
Nearly a month after the European Central Bank kept interest rates unchanged and trimmed its monthly bond purchases to €30 billion, investors look ahead to release of Eurozone inflation due Wednesday.
The final reading of Eurozone inflation for October is expected to come in at an annualised rate of 1.4%, unchanged from the initial reading in October.
Inflation has trailed the European Central Bank’s target, of below, but close to, 2% over the medium term.
EUR/USD fell 0.05% to $1.1791.
Retail sales data to shift sterling higher?
Despite the ongoing sluggish pace of wage growth, economists expect data to show UK retail sales growth improved in October after a slump in September.
Ahead of retail sales data investors digested a report on Wednesday, showing wage growth rose 2.2% in September while wage growth for August was revised upwards to 2.2% from 2.1%.
Investors are likely to turn attention to monetary policy later in the session as monetary policy committee members’ Broadbent and Cunliffe are slated to deliver speeches.
GBP/USD rose 0.04% to $1.3170 on Wednesday.