Italy All Saints’ Day

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

All Saints' Day in Italy does not measure a traditional economic indicator but rather signifies a public holiday that may impact various economic activities such as consumer spending, retail performance, and overall economic productivity. This holiday primarily focuses on the tourism and retail sectors, assessing how consumer behavior shifts during national observances.

Frequency

All Saints' Day is observed annually on November 1st, with its impact assessed during the month it occurs, particularly influenced by its proximity to the preceding and following weekends.

Why Do Traders Care?

Traders monitor All Saints' Day as it can influence consumer patterns and retail sales, which are important for assessing economic health and anticipating market movements. Fluctuations in spending during this holiday can affect equities in the retail sector and tourism-related assets, providing insight into broader economic trends.

What Is It Derived From?

The economic implications of All Saints' Day are derived from consumer behavior studies, tourism reports, and historical sales data during similar public holidays. Observations are primarily informed by data on retail sales and travel patterns, providing a snapshot of economic activity influenced by the holiday.

Description

Though not a specific economic report, the effects of All Saints' Day are often reflected in various economic reports that consider consumer spending or tourism statistics during the holiday period. This analysis can highlight shifts in consumer sentiment and economic activity during a time of cultural and social significance.

Additional Notes

All Saints' Day serves as a coincident economic indicator as it often correlates with increased retail sales and tourism activity, reflecting the health of the economy during festive periods. Comparatively, its impact can be analyzed alongside other holidays such as Christmas or Easter, providing a broader context for understanding seasonal spending trends.

Bullish or Bearish for Currency and Stocks

Higher consumer spending during All Saints' Day can be considered bullish for the Euro and bullish for retail stocks, as increased sales signals economic confidence and strengthens the outlook for businesses in that sector.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise