Next Week
November 28, 2009
The coming week will be preoccupied with further fallout from Dubai’s debt crisis. The data calendar will be dominated by various purchasing manager indices in North America, Europe, and Asia and the monthly U.S. labor force survey. The Reserve Bank of Australia probably will lift its key interest rate for a third time, while central banks in Thailand, Indonesia, and Euroland are expected to keep rates steady. The ECB meeting will unveil new macro forecasts and the terms of the last 12-month tender. The Fed Beige Book of regional conditions will be published. Plosser, Lacker and Bullard from the Fed and Shirakawa and Suda of the Bank of Japan will be speaking publicly.
Aside from labor statistics and PMI readings, the U.S. is scheduled to report auto sales, construction spending, productivity, unit labor costs, pending home sales and the Chicago and New York Fed manufacturing indices. Weekly statistics will feature jobless claims, consumer confidence, chain store sales, energy inventories, and mortgage applications. President Obama will be announcing is plans for the war in Afghanistan.
Japanese indicator releases will include housing starts, construction orders, industrial production, auto sales, third-quarter investment, the finance ministry’s quarterly corporate survey, the monetary base, and the monthly Tankan survey estimate.
Several Asian economies report trade data: India, Thailand, South Korea, Malaysia, and Indonesia. Other planned Asian releases to watch for are Indian GDP, Thai industrial production and consumer prices, South Korean industrial output, and Filipino consumer prices.
Australia and New Zealand will each be reporting building permits, and Australia also releases retail sales. Turkey reports trade and CPI data, while South Africa releases money growth, trades, auto sales and consumer confidence.
From Euroland arrives consumer and producer prices, retail sales, unemployment and revised GDP. Germany releases labor market data and retail sales. Italy and the Netherlands each report consumer prices, and Italian producer prices are due, too. France releases its PPI and unemployment.
British data releases, aside from the PMI reports, will include new car sales, the Nationwide and Halifax house price indices, money and credit, and consumer confidence. The releases of Swiss GDP and consumer prices, Swedish wages, and Norwegian retail sales and consumer confidence are arriving in the coming week, and some selected East European statistics will be Polish and Romanian GDP, Hungarian and Romanian producer prices, and Romanian industrial output.
Canada releases quarterly and monthly GDP on Monday and monthly labor statistics on Friday.
Some of the Latin American releases due next week are Brazilian and Chilean industrial output, Mexican consumer confidence and the Peruvian CPI and PPI.
Copyright Larry Greenberg 2009. All rights reserved. No secondary distribution without express permission.
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