Next Week

November 16, 2012

Key European talks are scheduled, first among finance ministers early next week and then a summit of leaders on Thursday and Friday.

Many U.S. traders will be taking off both Thursday and Friday for Thanksgiving.  Japan observes Labor Thanksgiving on Friday.

On the central banking front, monetary policy meetings are scheduled in Japan, Turkey and South Africa, while policy meeting minutes are getting published in Japan, Australia, and Britain.  Fed Chairman Bernanke and BOJ Governor Shirakawa speak publicly.

Preliminary purchasing manager survey results will be reported for the euro area, Germany and France (composite, manufacturing and services in each instance), China (just manufacturing), and the United States (also just manufacturing).  The Conference Board releases indices of leading economic indicators for Germany, the United States, France, Australia and China.

Other scheduled Euroland releases include construction output and consumer confidence.  Among individual members of the euro area, Germany reports producer prices, import and export prices, GDP, and the IFO business climate index.  French and Belgian business sentiment, Italian retail sales, Spanish trade, Dutch consumer spending, Portuguese and Greek current accounts, and Belgian and Dutch consumer confidence are all on the calendar, too.

Britain reports public sector finances, the Rightmove house price index, the industrial trends survey and mortgage approvals, while Swiss trades and money aggregates will be arriving.  So will Danish retail sales, Norwegian GDP, and Polish industrial production, producer prices and CPI.

The U.S. data calendar has several housing market indicators — housing starts and permits, existing home sales and the National Association of home builders index.  The U. Michigan index of consumer sentiment and weekly checks will be made on jobless insurance claims (Wednesday this time), energy inventories, consumer comfort and chain store sales.

Three items top Canada’s data calendar: consumer prices, retail sales and wholesale turnover.  Mexico and Brazil each report unemployment and their current accounts. Chilean GDP and Mexican retail sales are also arriving.

Over in Asia, Japan releases the all-activity index, customs trade figures, machinery tool orders and the index of leading economic indicators.  Chinese foreign direct investment and home prices are also scheduled.  Malaysia and Hong Kong report both unemployment and consumer prices, and Singapore releases wholesale sales. 

New Zealand releases producer prices, and South Africa reports consumer prices. 

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



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