Next Week
November 9, 2012
A very busy week lies ahead despite holiday closures in a number of markets on Monday for Armistice Day/Veterans Day.
On the central banking beat, FOMC minutes, the Bank of England Inflation Report, and the ECB Bulletin get released. Iceland has a scheduled central bank policy meeting.
The U.S. Congress reconvenes with the all-important task of avoiding or blunting the impact of the fiscal cliff.
There is an Ecofin meeting. China’s 18th Communist Party Congress begins work on Thursday.
Third-quarter GDP figures will be released by Japan, Euroland, Germany, France, Italy, Spain, Greece, Portugal, the Netherlands, Austria, Romania, Hungary, the Czech Republic, Singapore, Hong Kong, Malaysia, Mexico and Peru.
Japan also releases the tertiary index, revised industrial production, corporate goods prices and machine tool orders. Shirakawa speaks publicly.
Scheduled U.S. releases feature retail sales, consumer prices, industrial production, capacity usage, the IBD/TIPP optimism index, the NFIB small business sentiment index, the October federal budget, the Empire State and Philly Fed manufacturing indices, the TIC data of monthly capital movements, and assorted weekly reports on consumer comfort, chain store sales, mortgage applications, energy inventories, and jobless insurance claims. A number of Fed officials speak next week, including Bernanke, Lacker, Fisher, Williams, Plosser, and Dudley.
Brazilian retail sales and Mexican industrial production are due. So are Canadian manufacturing sales and orders and Canadian securities transactions.
In Britain, releases are scheduled for consumer prices, retail prices, wage earnings, producer prices, unemployment, retail sales, and the OMS index of housing prices.
Swiss, Czech and Danish producer prices will be report. So will Swedish, Danish, Polish, Hungarian, and Icelandic consumer prices, the Czech and Polish current accounts, and Norwegian trade figures.
The Zew Institute releases investor sentiment toward Germany and the euro area. Other Ezone-wide releases will cover the current account, the trade balance, consumer prices and industrial production. German wholesale prices are due, and so are French Italian, Portuguese, Finnish and Spanish consumer prices. Several Euroland members report their current accounts, and Greece releases import prices.
Australian business conditions and confidence, wage costs, motor vehicle sales, and home loans are scheduled next week. So are South African retail sales and wholesale turnover. New Zealand will be reporting food prices, retail sales and the business PMI index. Turkish unemployment and consumer sentiment are on the calendar as well.
China’s trade balance, money growth and bank lending data will round out that economy’s monthly bunching of data releases. India reports industrial production, consumer confidence, and wholesale price inflation. South Korea and Singapore announce trade numbers. Singapore releases retail sales, while South Korea reports unemployment.
Copyright 2012, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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