Next Week’s Menu: November 9-15

November 8, 2019

Central Banks: Monetary policy reviews are scheduled next week in New Zealand, Sri Lanka, the Philippines and Mexico. Fed Chairman Powell gives two days of testimony on the U.S. economic outlook, appearing Wednesday before the Senate Economic Committee and Thursday before the House Budget Committee. Other Fed officials speaking in public during the week include Harker, Evans, Daly, Williams, Bullock, Brainard, Kashkari, and Clarida. Reserve Bank of Australia Governor Lowe and Bank of Canada Governor Poloz also speak publicly.

Holidays and Special Events: France (Armistice Day), Canada (Remembrance Day) and the United States (Veterans Day) will observe holidays on Monday. India’s Guru Nanak Jayanti holiday falls on Tuesday, and Republic Day in Brazil is on Friday. Spain’s parliamentary election is set for November 10th. President Trump delivers a speech Tuesday on trade and economic policy. Initial public impeachment hearings begin Wednesday in the House Intelligence Committee with testimonies from William Taylor and George Kent. Later in the week, Marie Yananovitch testifies on Friday.

Scheduled U.S. Economic Statistical Releases: Producer prices, import prices, consumer prices, retail sales, industrial production, capacity usage, small business sentiment, the monthly federal budget deficit, and the Empire State manufacturing index. Also, weekly jobless insurance claims, chain store sales, mortgage applications, energy inventories and consumer comfort.

Japanese and Chinese Data: Japanese quarterly GDP and monthly machinery orders, machine tool orders, tertiary index, economy watchers index, money and bank lending growth, producer prices, and the current account. Chinese CPI, PPI, industrial production, unemployment, and foreign direct investment.

Selected Other Asian Releases: Indian, South Korean, and Indonesian trade balances. Indian and Malaysian industrial production. Hong Kong and Malaysian GDP. Indian CPI and WPI. South Korean unemployment and import prices. Malaysia’s current account and Singapore retail sales.

Euroland Data: Quarterly GDP and Employment. Monthly CPI, trade surplus, industrial production, ZEW index of investor sentiment, and index of leading economic indicators.

Members of the Euro Area: German, Dutch, Cypriot, Portuguese and Finnish GDP. German, Spanish, French, Italian, Finnish and Austrian consumer prices. German CPI and ZEW expectations index. German and Spanish indices of leading economic indicators. Italian, Dutch, and Belgian trade balances. French unemployment and Bank of France’s business sentiment index. Dutch retail sales, Italian industrial production, and Irish construction purchasing managers survey.

U.K. and Switzerland: British quarterly GDP and monthly industrial production, construction output, GDP, trade balance, CPI, PPI, retail sales, ONS-compiled house price index, RICs house price balance index, Rightmove house price index, labor market statistics, and index of leading economic indicators. Swiss producer prices and import prices.

Nordic Europe: Norwegian and Danish GDP and trade balances. Norwegian CPI. Danish current account and PPI.

Eastern Europe: Czech, Hungarian, and Polish GDP. Romanian and Policy consumer prices and current accounts. Romanian industrial production.

Australia and New Zealand: Australian third-quarter wage price index and monthly labor statistics, business confidence and conditions, and Westpac-compiled consumer sentiment. New Zealand’s manufacturing purchasing managers index and food prices.

South Africa and Turkey: South African retail sales and wholesale turnover. Turkish retail sales, unemployment and industrial production.

Canada, Mexico and Brazil: Canadian new house prices. Mexican trade, industrial production, GDP and index of leading economic indicators. Brazilian retail sales.

Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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