Monday's recap is here! Let's recap together the most important events that moved the markets last week.
From the euro area, we got retail sales and PMI data last week, which were rather negative for the euro.
Friday's data on the UK economy were quite positive.
Thursday's numbers from the US labour market were again generally good. The number of Americans claiming unemployment benefits fell by 3k.
Our attention was mainly focused on Tuesday's monetary policy meeting of the Reserve Bank of Australia (RBA), which, as expected, raised the interest rate by 25 basis points.
On Tuesday we got more data from the Swiss labour market, which looked good.
We received data from the Czech Republic last week to which the koruna reacted by strengthening. The unemployment rate fell from 3.6% to 3.5% in October.
What's in store for the current trading week?
This week will be mostly about inflation and the labour market.
On Tuesday, we get UK labour market data (8:00), followed by preliminary Eurozone labour market and GDP numbers. In the afternoon, the market will turn its attention to the current inflation rate from the US.