5 Key Economic Events to Watch This Week: November 23 - 27
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In the week ahead, market players will focus on a flurry of U.S. economic data due on Wednesday for further indications on the strength of the economy and the likelihood of a December rate hike.
U.S. markets will be closed Thursday for the Thanksgiving holiday and Friday will be a half-session day.
Meanwhile, the euro zone is to release survey data on private sector activity on Monday, while U.K. is to publish revised data on third quarter growth on Friday.
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.
1. U.S. Q3 GDP second release
The U.S. is to release preliminary figures on third quarter economic growth at 8:30AM Eastern Time Tuesday. The data is expected to show that the economy expanded 2.0% in the three months ended September 30, compared to last month's advance estimate of 1.5%.
2. Wednesday's U.S. data deluge
The U.S. is to release a string of reports Wednesday morning, including data on durable goods orders, personal spending, new home sales and consumer sentiment. The U.S. will also publish weekly data on initial jobless claims one day earlier than usual, due to the Thanksgiving Day holiday.
Federal Reserve Chair Janet Yellen said recently that a December rate hike was a "live possibility" if justified by upcoming economic data.
3. Euro zone PMIs
The euro zone is to publish preliminary data on manufacturing and service sector activity for November at 9:00AM in London on Monday, or 5:00AM ET. Market analysts expect private sector activity to hold steady this month from a month earlier.
Ahead of the euro zone PMI's, France and Germany will release their own PMI reports at 8:00AM and 8:30AM respectively.
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