Next Week

November 14, 2014

Monetary policy meetings are planned next week in Japan, South Africa and Turkey.  The Bank of England, Reserve Bank of Australia and Federal Reserve will be releasing minutes of their last policy meetings, and the Bank of Japan publishes its monthly economic assessment.  Some of the Fed officials speaking publicly next week are Kocherlakota, Evans, and Williams.  Public remarks by ECB President Draghi, RBA Governor Stevens, and BOJ Governor Kuroda also may move markets.

Japan’s data calendar features the first look at 3Q GDP and also includes supermarket and department store sales, customs trade, the all industry index, preliminary findings from the monthly purchasing managers survey in manufacturing, and the index of leading economic indicators.

The manufacturing PMI in China also arrives as do that economy’s property prices, foreign direct investment and business sentiment.  Some other Asian data to watch will be Thai GDP, Hong Kong and Malaysian consumer prices, South Korean producer prices, Singaporean trade, Hong Kong unemployment, and India’s index of leading economic indicators.

Preliminary findings from the November euro area, French and German purchasing manager surveys are due.  Euroland also reports consumer sentiment, producer prices, the trade and current accounts, car sales, and construction output.  The ZEW Institute in Germany reports investor sentiment for that economy and the whole euro area.  German and Portuguese  producer prices, Greek and Italian current accounts, Belgian and Dutch consumer confidence,  Italian and Spanish trade figures, and Italian industrial orders and sales are some of the other upcoming Ezone data releases of note.

Staying with Europe, Britain reports retail sales, consumer prices, retail prices, producer prices, the DCLG and Rightmove house price indices, public finances and the industrial trends survey. Swiss trades and money growth arrive, as do Danish producer prices, consumer confidence and retail sales, Icelandic consumer prices and wage trends, Swedish unemployment and Norwegian trade figures and GDP.  To the east, Czech producer prices and Polish industrial production are on tap.

The U.S. data calendar includes the Empire State, Philly Fed, and Kansas City Fed manufacturing indices, producer and consumer prices, industrial production, capacity use, the NAHB housing market index, housing starts, building permits, existing home sales, the index of leading economic indicators, and the TIC statistics on capital flows between the U.S. and other countries.  Also, there are the usual weekly checks of jobless insurance claims, consumer comfort, chain store sales, mortgage applications and energy inventories.

Canada and Mexico each release retail sales and wholesale turnover.  Canada and Brazil report consumer prices.  Mexican GDP and Brazilian unemployment arrive as well.

Three New Zealand releases next week will be retail sales, the service-sector purchasing managers index, and third-quarter producer prices.  Australian auto sales, Turkish unemployment, and South Africa’s CPI are also due.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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