5 Important Economic Data News Market Focus This Week (November 6-10, 2023)

<p>&nbsp;Here are some of the important economic data that will be the focus of the market throughout this week.</p><p><br /></p><p>TUESDAY (November 6):</p><p><br /></p><p>RBA Policy Meeting (11.30am): Australia's central bank at its November meeting is expected to raise interest rates by 25 basis points from 4.10% to 4.35%. A follow-up speech from the Governor will be watched for clues to the outcome of the final meeting in December.</p><p><br /></p><p>THURSDAY (November 9):</p><p><br /></p><p><br /></p><p>China Inflation Data (9.30am): The annual reading of China's consumer price index is forecast to contract by 0.2% for October from the zero level recorded the previous month. The market will be cautious if there is a warning from the world's second largest economy.</p><p><br /></p><p>US Jobless Claims Data (9.30pm): This weekly data will be watched after last week, the figure recorded an increase to a 7-week high.</p><p><br /></p><p>FRIDAY (November 10):</p><p><br /></p><p>UK GDP Data (3.00 PM): Monthly economic growth in the UK is forecast to be zero which shows static growth compared to a 0.2% increase in the previous month. If growth records a contractionary figure, it will add to the pressure on the central bank which was seen as dovish at last week's meeting.</p><p><br /></p><p>US Consumer Survey Data (11.00 PM): Closing trade in the last session of the week and likely to influence the movement of the US dollar currency, the preliminary reading of this survey data will be scrutinized by investors. The data can provide an indication of consumer financial confidence and can impact economic activity in the US.</p>