Next Week
November 19, 2010
Central banks in Israel, Poland, and Mexico make interest rate announcements next week, and minutes from the Fed’s meeting on November 3rd will be released. Japanese markets will be shut on Tuesday for Labor Thanksgiving Day, and U.S. Thanksgiving holiday is on Thursday. In recent years many businesses have remained closed on the day after Thanksgiving in order to promote the busiest shopping day of the year. Some central bankers with planned speaking engagements are Posen and Sentance of the Bank of England, Kocherlakota of the Federal Reserve, Stevens of the Reserve Bank of Australia, and Nakamura from the Bank of Japan.
The Kansas City, Richmond and Chicago Feds release regional manufacturing indices next week. Other scheduled U.S. data feature revised GDP, durable goods orders, personal income and expenditures, the Conference Board and University of Michigan consumer confidence indices, the FHFA house price index, new and existing home sales, plus weekly data covering jobless insurance claims, chain store sales, energy inventories, mortgage applications and consumer confidence.
Releases in Euroland will include money and credit growth, revised GDP, economic sentiment, preliminary composite, manufacturing, and service-sector purchasing manager readings, consumer confidence and industrial orders. Flash PMI survey results also get released for the German and French economies. The German consumer confidence index, revised GDP, consumer prices, and the IFO business climate index. German import prices are possible. France reports consumer confidence and consumer spending on manufactured goods, while Italy announces retail sales and business sentiment. Belgian and Dutch business sentiment figures are due, too.
Like the United States and euro zone, Britain releases revised GDP, as well as separate reports on service sector activity and investment last quarter. The British Banking association’s estimate of mortgage lending will be unveiled, and so will the Nationwide house price index and the CBI monthly survey of retailers. Sweden’s investment survey, producer price and trade figures get published, and the Swiss money numbers, index of leading economic indicators, and consumption indicator arrive, too. So does Norwegian GDP.
Japan’s data calendar includes corporate service prices, supermarket, department store, and retail sales, and consumer prices. Some of the other releases in Asia will be Hong Kong, Malaysian, and Singapore4 consumer prices, Hong Kong trades, Malaysian GDP, South Korea’s current account and Singapore industrial output.
South Africa releases the CPI and PPI indices as well as GDP. Australia announce construction completions and investment spending. Turkish consumer confidence is on the calendar, too.
Canada reports consumer prices, retail sales, and wage earnings.
Copyright Larry Greenberg 2010. All rights reserved. No secondary distribution without express permission.
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