Next Week
November 4, 2011
G20 leaders are meeting in Cannes, France this weekend. Central bank policy meetings are scheduled during the week in Indonesia, Britain, South Korea, South Africa, Malaysia, and Poland.
U.S. clocks will turn back an hour on Sunday to standard time. This move will restore the normal time interval of five hours between London and New York and six hours versus money centers on the European continent. The interval between New York and Tokyo widens from 13 hours to fourteen.
Scheduled U.S. data releases next week include import prices, the trade deficit, wholesale inventories, the October budget, consumer credit, the NFIB and IBD/TIPP optimism indices, the JOLTS index of job openings and layoffs, and the preliminary U. Michigan index of consumer sentiment. In addition, weekly figures will be reported on chain store sales, consumer confidence, mortgage applications, jobless insurance claims and energy inventories.
Euroland reports retail sales and the Sentix gauge of investor sentiment. Germany will be releasing the current account, trade balance, consumer prices, wholesale prices and industrial production. French, Dutch, Greek, Finnish and Italian industrial output are also due, as are French, Portuguese, Dutch and Greek consumer prices. Czech retail sales and labor statistics also arrive.
Britain’s data calendar shows the coming report of industrial production, producer prices, monthly GDP, the RICs house price balance, same-store sales, the index of leading economic indicators and the trade deficit. Norway releases both its CPI and PPI. Sweden reports industrial output and consumer prices. Swiss consumer confidence is another coming release.
Japanese money, credit, and international reserves are due next week, along with machinery orders, the economy watchers index, consumer confidence, the tertiary index and corporate goods prices. China will be reporting the CPI, PPI, money growth, bank lending, trade, fixed investment, retail sales and industrial production, and Hong Kong releases GDP. South Korean producer prices and Malaysian industrial output are among the other Asian reports to watch for.
Canada reports its trade balance at the same time as the United States. Brazilian retail sales and consumer prices and Mexico’s PPI, trade balance and industrial output are arriving, too.
Australia’s main data event will be the monthly labor statistics. New Zealand releases its food price index. Turkish and South African industrial production are scheduled.
Copyright 2011, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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