Newsquawk Daily Economic Release - 13th November 2026

• Data: German Wholesale Prices (Oct), EZ Employment (Q3), Trade Balance (Sep), GDP 2nd Est. (Q3), US PPI (Oct)
• Events: IEA OMR; Informal Meeting of EU Leaders (Dublin)
• Speakers: Fed’s Daly, Collins, Bowman, Jefferson
• Supply: Australia
• Earnings: Richemont
• Credit Ratings: Fitch on Germany; S&P on Italy; Morningstar DBRS on UK

PDF can be found in the Newsquawk Research Suite

A packed cross-asset calendar where the tradeable prints cluster in the second estimate of eurozone Q3 GDP and US PPI, with the former typically a non-event unless it revises the flash, and the latter carrying weight mainly through its components that feed the Fed's preferred inflation gauge rather than the headline itself. The Fed speaker slate is heavy and uniform in origin, and on days with multiple officials the pattern has been that the signal emerges from consistency of tone rather than any single set of remarks, particularly around Daly and Bowman, who have historically sat at opposite ends of the committee's distribution. The rating actions on Germany, Italy and the UK are the session's asymmetric risk for the rates complex: sovereign reviews landing after hours tend to reprice BTP-Bund and gilt spreads at the next open when they change outlooks, and pass quietly when they affirm. The IEA oil market report is the main supply-side event for crude, where the history is of range-bound reactions unless demand or non-OPEC supply forecasts are revised materially. The informal EU leaders' meeting in Dublin is unlikely to yield policy substance, but communiques from such gatherings have occasionally surfaced on fiscal or competitiveness themes that matter for the euro at the margin. Australian supply is a rounding item for global duration.