Market Outlook for week - 23 NOV 2017

Ø Traders will focus on the trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) next week. Crude oil prices will be keenly tracked as oil prices have firmed up recently after a major political shakeup in Saudi Arabia.

Ø India imports majority of its crude requirements and a rise in crude oil prices increases concerns on fiscal deficit, inflation and gives lesser room for the government to boost growth through spending on infrastructure. Meanwhile, a weak rupee raises the cost of importing crude oil.

Ø On the global front, US Existing Home Sales data, which measures the change in the annualised number of existing residential buildings that were sold during the prior month, will be unveiled on November 21, 2017.

Ø The US stock market will remain shut on November 23, 2017, for Thanksgiving Day. The Japan stock market will remain shut on November 23, 2017, for Labour Thanksgiving Day.

Ø Germany's Q3 Gross Domestic Product (GDP) data will be unveiled on November 23, 2017.

Ø Germany's Manufacturing Purchasing Managers Index (PMI) data for November will be unveiled on November 23, 2017.

Ø UK's Q3 GDP data will be unveiled on November 23, 2017.

Date	2:35am	Currency	Impact		Detail	Actual	Forecast	Previous	Graph
Thu Nov 23	2:00am	EUR		German Final GDP q/q		0.8%	0.8%	0.8%
	3:00am	EUR		French Flash Manufacturing PMI			55.9	56.1
		EUR		French Flash Services PMI			57.1	57.3
	3:30am	EUR		German Flash Manufacturing PMI			60.4	60.6
		EUR		German Flash Services PMI			55.2	54.7
	4:00am	EUR		Flash Manufacturing PMI			58.3	58.5
		EUR		Flash Services PMI			55.3	55.0
	4:30am	GBP		Second Estimate GDP q/q			0.4%	0.4%
		GBP		Prelim Business Investment q/q			0.3%	0.5%
		GBP		Index of Services 3m/3m			0.4%	0.4%
	6:00am	GBP		CBI Realized Sales			5	-36
	7:30am	EUR		ECB Monetary Policy Meeting Accounts
	All Day	USD		Bank Holiday
	8:30am	CAD		Core Retail Sales m/m			0.9%	-0.7%
		CAD		Retail Sales m/m			0.9%	-0.3%
	9:00am	EUR		Belgian NBB Business Climate			0.8	0.5
	11:30am	CHF		SNB Chairman Jordan Speaks
	4:45pm	NZD		Trade Balance			-750M	-1143M
	7:30pm	JPY		Flash Manufacturing PMI			52.6	52.8
Fri Nov 24	4:00am	EUR		German Ifo Business Climate			116.6	116.7
	4:30am	GBP		High Street Lending			40.9K	41.6K
	8:30am	CAD		Corporate Profits q/q				0.1%
	9:45am	USD		Flash Manufacturing PMI			55.1	54.6
		USD		Flash Services PMI			55.5	55.3
Sat Nov 25
Sun Nov 26	6:50pm	JPY		SPPI y/y				0.9%
Mon Nov 27	Tentative	EUR		ECB Financial Stability Review
	10:00am	USD		New Home Sales				667K

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