Next Week

November 11, 2011

Central banks hold policy meetings next week in Japan and Chile, while minutes from the November Australian central bank meeting will be released.  The Bank of Japan monthly assessment and the Bank of England’s quarterly Inflation Report arrive, too.

Japan and the euro area release 3Q GDP figures.  The latter will include an estimate for the whole zone as well as figures for Germany, France, Italy, Spain, Portugal, The Netherlands, Portugal, Belgium, Austria, Finland, the Czech Republic and Hungary.  France, Italy, Germany and Spain will additionally release their own GDP tallies.

Some of the other scheduled data releases from the euro area are industrial production, the trade balance, consumer prices, the ZEW index of investor expectations and construction orders.  Germany’s ZEW index and producer prices arrive, and so Italian consumer prices, orders and trades.  Finland will release both the CPI and PPI, while Belgium and The Netherlands report consumer confidence.  Finnish and Dutch retail sales are scheduled, too.

The British data calendar has a couple of house price measures (the DCLG and RICs indices), same-store retail sales, labor statistics, retail sales and consumer prices.  Price data will also be reported from Switzerland (PPI), Denmark (PPI), Iceland (CPI), Czech Republic (PPI), and Poland (CPI).

From the United States, investors will learn much with scheduled data covering the PPI, CPI, retail sales, industrial production, the Philly and New York Fed manufacturing indices, the National Association of Home Builders index, housing starts, building permits, business inventories, capital flows, and the index of leading economic indicators.  Weekly figures will include jobless insurance claims, consumer confidence, chain store sales, mortgage applications and energy inventories.

It’s a light week for Japan, just revised industrial production in addition to the aforementioned 3Q GDP.  Some other Asian releases of note are Chinese foreign direct investment and index of leading economic indicators, South Korean and Singapore trade, Indian wholesale prices and Singapore retail sales.

Canada reports auto sales, manufacturing orders, shipments and inventories, securities transactions, consumer prices and the index of leading economic indicators. 

Australia releases auto sales, quarterly labor costs and its index of leading economic indicators.  New Zealand producer prices and retail sales are due.  So are Turkish unemployment, consumer confidence, and current account, as well as South African retail and wholesale sales. 

Some of the officials slated to speak in public are the governors of central banks in Canada, the U.K., and Australia.  No doubt the news wires will be full of more pronouncements and political decision that pertain to the euro debt crisis.

Copyright 2011, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.


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