Next Week

November 12, 2010

As epilogue to the just competed Group of Twenty summit, leaders from the 21 members of the Asia-Pacific Economic Cooperation (APEC) will gather in Yokahama, Japan on the 13th and 14th for talks.  And next Friday, the ECB will be hosting its sixth annual central bank conference, its answer to the Fed’s Jackson Hole annual symposium.  Fed Chairman Bernanke and ECB President Trichet will be among the many speakers then.  Other central bankers scheduled to speak publicly next week include Gonzalez-Paramo , Smaghi, Weber, Nowatny, Tumpel-Gugerill, Constancio, Mersch, and Stark of the ECB, Lacker of the Fed, Gaboivin of the Bank of Canada, Tucker and Dale of the Bank of England, and Battelino of the Reserve Bank of Australia.  Central banks in Korea, South Africa and Chile hold policy meetings during the week, and the Bank of England and Reserve Bank of Australia release minutes from their early November meetings.

Data calendars are pretty thick next week for the United States, euro area, Japan and Great Britain.

Scheduled U.S. data include retail sales, business inventories, producer and consumer prices, housing starts and permits, industrial production, the index of leading economic indicators, the National Association of Home Builders housing index, monthly capital flows, and the New York and Philly Fed manufacturing indices.  In addition, the usual weekly statistics for jobless insurance claims, chain store sales, mortgage applications, consumer confidence, and energy inventories will be scrutinized.

Japan reports third-quarter GDP, plus monthly figures covering capacity usage, industrial output, condo sales, service sector activity, the all-industry index, machine tool orders, and the revised index of leading economic indicators.

From Euroland, investors will get statistics for construction output, consumer prices, the current account, the trade balance, industrial orders and sales, and debt/GDP ratios.  France will report its current account and jobs data.  Italian trades and consumer prices will be reported, and Germany will release producer prices and the ZEW index of investor sentiment.

Britain’s data calendar next week covers the Rightmove and DCLG house price measures, retail and consumer prices, mortgage approvals and bank lending trends, retail sales, pubic finances, unemployment, wage earnings, the CBI industrial sector survey, and money growth.  Switzerland chimes in with producer prices, import prices, trades and investor sentiment, and Sweden’s labor force survey arrives, too.

Australia and New Zealand have several scheduled data reports.  From Australia, investors will learn the latest trends in auto sales, bank lending, labor costs, imports, and the index of leading economic indicators.  New Zealand offers retail sales, the service-sector purchasing managers index, commodity prices, corporate goods prices, trades, credit card expenditures, and real GDP.

Some figures being reported in East Asia are South Korean import and export prices, Singapore trades, Hong Kong unemployment, Malaysian GDP, and China’s index of leading economic indicators.

Copyright Larry Greenberg 2010.  All rights reserved.  No secondary distribution without express permission.

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