Next Week

November 3, 2012

U.S. presidential, congressional and key state and local elections will be held Tuesday.

Group of Twenty finance ministers and central bank chiefs meet November 4-5 in Mexico City.

The Greek parliament will try to finalize and approve austerity measures and other reforms, a necessary condition to receive further aid.

There are many central bank interest rate meetings next week including in Australia, Britain, the euro area, Indonesia, South Korea, Poland, Iceland, Malaysia and Peru.

Service sector PMI surveys will be reported for the euro area, United States, Britain, Australia, Japan, Russia, and Brazil.  The Saudi and UAE PMIs are due as well, and so is the German construction purchasing managers survey.

Quite a few countries will be reporting industrial production, among which are Turkey, South Africa, China, Germany, Spain, Ireland, France, Greece, the Netherlands, Italy, Finland, Britain, Romania, the Czech Republic, Norway, Denmark, Sweden, and Malaysia.

Trade figures will be released in the United States, Canada, Germany, Australia, Britain, France, Portugal, Finland, Romania, the Czech Republic, Mexico, Denmark, and Malaysia.  Japan’s current account figures arrive, and so do Indonesia’s and Denmark’s.

Australia releases retail sales, labor statistics and home prices, and New Zealand reports wage inflation. Turkish producer prices are due.

In addition to trade numbers, scheduled U.S. economic data releases include consumer credit, the U. Michigan consumer confidence index, wholesale inventories, import and export prices, the federal budget and weekly jobless insurance claims, consumer comfort, chain store sales, energy inventories and mortgage applications.

Japan’s data calendar features machinery orders, money growth, the economy watchers index, consumer confidence, the index of leading economic indicators and the aforementioned current account and capital flows.

China reports retail sales, industrial production, consumer prices and producer prices.  Some of the other Asian releases next week are Filipino consumer prices and money growth, South Korean producer prices and money growth, and Indonesian GDP.

Canada releases housing permits, the IVEY-PMI index, housing starts, and trades.

Brazil and Mexico release consumer price data.

Several German releases are scheduled: orders, industrial output, consumer prices, and the current account and trade figures.  Greek consumer prices, Portuguese trades, and Spanish unemployment are some of the other items on Euroland’s data calendar.  Euro area-wide retail sales and producer prices are scheduled.

British same-store sales, shop prices, index of leading economic indicators, industrial output and trade balance are due.  So are Norwegian consumer prices.

German Chancellor Merkel and ECB President Draghi will be speaking publicly.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.


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