Next Week
November 18, 2011
Next week will be holiday-shortened, with Japan closed Wednesday for Labor Thanksgiving and the United States shut Thursday for Thanksgiving. Spanish voters are expected to elect a new Conservative government on November 20. The Federal Reserve, Bank of Japan and Bank of England will be publishing minutes from the prior meeting, and Turkey holds a monetary policy meeting. Wednesday is the deadline for a U.S. congressional budget deal. If the bipartisan super committee is unable to deliver such, automatic across-the-board cuts will be triggered.
The U.S. data calendar features revised third-quarter national income accounts, the Chicago Fed National Activity Index, existing home sales, the U. Michigan consumer sentiment gauge, and personal expenditures and income but also includes regional manufacturing indices from the Richmond and Kansas City Feds. Weekly statistics covering jobless insurance claims, chain store sales, mortgage applications, consumer confidence and energy inventories also arrive.
Japan reports consumer prices, the all-industry index and the index of leading economic indicators. Hong Kong and Malaysia also release consumer prices. China’s flash PMI survey results for November are due, too.
Euroland’s main data feature will be the preliminary purchasing manager survey results for the whole area, Germany and France. There will be indices for manufacturing, services, and a composite of the two. The euro area current account figures also are scheduled, and so too are German revised GDP and the IFO business climate index, French business and consumer sentiment, Italian retail sales, Greek trade, Belgian business sentiment, and Spanish unemployment, producer prices and trade.
Britain releases monthly budget figures, revised GDP, the CBI survey of industrial trends, and mortgage approvals. Swiss trades, Danish consumer sentiment, and Swedish producer prices, Hungarian retail sales, and Polish industrial production and unemployment are other scheduled arrivals.
Canada will be reporting both retail and wholesale turnover data. Mexico releases GDP, and retail sales, and both Mexico and Brazil report unemployment and their current accounts.
New Zealand’s gauges of business sentiment and expected inflation are due. So is the Australian index of leading economic indicators, and South African consumer and producer prices.
Copyright 2011, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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Some of the currency pairs like eursek or nzdjpy (more: http://www.strongtrends.com) still look stable in these chaotic times
Hong Kong and Malaysia also release consumer prices.