[macro outlook] Today, focus on Germany's October Gfk consumer confidence index.

SMM Sept. 28: today's focus on Germany's October Gfk consumer confidence index.

The annual profit rate of industrial enterprises above scale in China in August, at present, industrial enterprises above scale refer to those with annual main business income of more than 20 million yuan. The Bureau of Statistics statistics the profit changes of such enterprises. The increase in corporate profits indicates a stronger momentum in China's economy. As Australia's largest trading partner, the acceleration of China's economy is good for Australian exports and is most useful for the Australian economy, thus good for the Australian dollar.

German Gfk consumer confidence index in October, German market research institute GFK produced an index to reflect the strength of consumer confidence through a survey of consumers on expenditure, income and so on. Consumer confidence is the leading indicator of consumer spending, and consumer spending is the most important part of the overall economic activity. The rise in consumer confidence indicates an increase in future spending, which is good for economic growth and good for the euro.

The monthly rate of wholesale inventory in the United States in August, which is released once a month by the United States Bureau of Commerce, reflects the change in the total value of items in wholesalers' inventory, which is temporarily idle resources to meet future needs; wholesalers as an intermediary between manufacturers / importers and retailers, their inventory situation can be used as one of the leading indicators of the economy, the rapid growth of wholesale inventory shows that wholesalers are optimistic about the economic outlook. It's a sign of future business spending. High wholesale inventories indicate a mountain of unsold goods, suggesting that retailers are facing lagging consumer demand and reluctance to buy goods. On the contrary, the decline in wholesale inventory indicates that retailers are buying more goods to meet strong or increasing demand. Because wholesale inventories reflect retailers' demand for manufacturers' goods, the report provides an early indication of the spending power of potential consumers.

The FHFA house price index in the United States for July calculates changes in the prices of homes financed by Fannie Mae (Fannie Mae) and Freddie Mac (Freddie Mac). The US housing market is currently a major drag on the US economic recovery, and if house prices rise, it will be good news for the housing market. Foreign exchange investors judge the trend of the exchange rate accordingly.

The September Conference Board Consumer confidence Index, released by the American Chamber of Commerce, surveyed 5000 households' views on current and future economic conditions, including labor effectiveness, business conditions and the overall economic environment. The level of consumer confidence is usually closely related to consumer spending, and this economic event will have an impact on the direction of the dollar. A survey of 5000 households' views on current and future economic conditions, including labour effectiveness, business conditions and the overall economic environment.