Economic Events This Week: A busy week ahead includes inflation data from Canada, U.S. manufacturing indices, and labor market reports, with significant releases from the U.K., euro area, and central banks like the Bank of England and the European Central Bank.
Inflation Trends in Canada: Canadian inflation is expected to show slight easing, with CPI m/m at 0.1% and y/y at 2.9%, while food prices continue to rise. Analysts predict the Bank of Canada will pause its easing cycle despite inflation remaining above target.
U.K. Labor Market Outlook: The U.K. is expected to see a rise in unemployment to 5.1% and a slowdown in wage growth, reflecting ongoing challenges in both private and public sectors, with the Bank of England likely to cut rates amid easing inflation pressures.
U.S. Inflation and Employment Data: U.S. labor market data for October and November may show a cooling trend, with unemployment expected to rise to 4.5%. Inflation data will be incomplete, but trends suggest stability around 3% y/y, with potential for gradual easing in the future.
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 56.660
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Current: 56.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
