NIIP
It refers to the stock of foreign assets of a nation minus its foreign liabilities. It may also be defined as the overseas assets value owned by a nation minus the domestic assets value owned by foreigners. When a negative NIIP figure occurs, it means that the foreign liabilities of a nation exceed its foreign assets, whereas a positive NIIP figures shows that a nation’s foreign assets surpass its liabilities.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
