Week Ahead Economic Preview for November 2024

This document is an economic preview for the week of November 8, 2024, focusing on key economic indicators and data releases that will influence market expectations. It outlines the anticipated updates on US inflation and GDP growth in the eurozone and UK, which are expected to provide insights into the potential direction of central bank interest rates. The document details the divergence in economic performance between the US and Europe, highlighting the robust expansion in the US economy compared to weaker growth in Europe. It discusses the implications of the October PMI surveys, which indicate a strong service sector in the US and a stalled manufacturing economy in Europe. The summary also mentions upcoming data releases, including industrial production and retail sales in the US, and the importance of these figures in assessing the effectiveness of recent monetary policy adjustments. Additionally, it notes the significance of updated economic data from China in evaluating the impact of government stimulus measures.