Key events of the week (Beijing time)

Key events of the week (Beijing time)


The picture

Monday (Nov 7) : German September quarterly industrial output m/m, ECB President Christine Lagarde speaks, eurozone November Sentix investor sentiment.

Tuesday (Nov. 8) : U.S. House and Senate elections, Bank of Japan releases November monetary policy meeting panel summary, euro zone September retail sales m/m.

Wednesday (Nov. 9) : EIA releases monthly Short-term Energy Outlook, Japan September trade account, remarks by New York Fed President John Williams, EIA Commercial/strategic crude oil inventories for the week ending Nov. 4.

Thursday (Nov. 10) : Richmond Fed President Steve Barkin speaks on U.S. economic outlook, European Central Bank Economic Bulletin, U.S. October CPI, U.S. weekly jobless claims through Nov. 5, Philadelphia Fed President Patrick Harker speaks on U.S. economic outlook.

Friday (Nov 11) : Cleveland Fed Chair Loretta Mester speaks on the U.S. economic outlook, Kansas City Fed President George speaks at a conference on energy and the economy, revised third-quarter UK GDP annualized data, preliminary November University of Michigan consumer sentiment.

Source: Global Market Outlook

Boom: The world is focused on the US midterm elections this week.

Shein’s sales are close to those of Zara and H&M

The picture

Online retailer Shein’s gross merchandise volume (GMV) is set to grow 50% to $30 billion this year, and its revenue is expected to reach $24 billion, putting it close to the world’s biggest fast-fashion giants, Zara and H&M. Shein, which launched in China 10 years ago and sells large quantities of clothing online at ultra-low prices, is now based in Singapore.

Shein also announced the opening of a new corporate office in Canada and the company’s first distribution warehouse in Toronto. It will also become SHEIN’s main distribution centre in the country, distributing fashion, beauty and lifestyle products to customers in all provinces and territories, thereby reducing the need for international ship

Post time: Nov-07-2022

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