Next Week

November 4, 2016

Central Banks: Monetary policy meetings scheduled in New Zealand, Poland, South Korea, The Philippines, Thailand, Serbia and Peru. Minutes from the Bank of Japan’s last Board meeting get published. Constancio of the ECB, DeBelle of the Reserve Bank of Australia, and Poloz of the Bank of Canada speak publicly. So do Kashkari and Evans of the Federal Reserve.

North American Time Zone Change: Canada and the U.S. turn their clocks back an hour this weekend, restoring the normal New York to European time difference but lengthening the New York to Tokyo difference by an hour.

Holiday: In commemoration of soldiers who fought in wars, the U.S. observes Veterans Day on Friday. That day, too, Canada celebrates Remembrance Day, and much of the euro area observes Armistice Day.

Japanese Data Releases: The current account, machinery orders, machine tool orders, reserves, the economy watchers index, bankruptcies, bank lending, money growth, corporate goods prices, the tertiary index, and the index of leading economic indicators.

Chinese Statistics: Trade, consumer prices, producer prices, reserves, money growth, bank lending and foreign direct investment.

Other Selected Asian Data: Indonesian and Malaysian current accounts. Hong Kong and Indonesian GDP. South Korean unemployment and index of leading economic indicators. Malaysian unemployment and industrial production. Indian industrial output and Filipino trade.

Scheduled U.S. Data: Small business sentiment, labor market conditions index, JOLTS index, federal budget, U. Michigan/Reuters consumer sentiment, and consumer credit as well as weekly chain store sales, jobless insurance claims, consumer comfort, energy inventories, and mortgage applications.

Euroland: EU Commission forecasts, Sentix gauge of investor sentiment, retail sales, and retail purchasing managers indices for the whole area and its three largest member economies.

Members of Euro Zone: German industrial output, industrial orders, current account, trade surplus, CPI, PPI, and construction purchasing managers index. French current account, trade balance, and business sentiment. French, Italian, Spanish, Greek, and Finnish industrial output. Greek, Dutch, Cypriot and Portuguese consumer prices. Finnish, Cypriot, Austrian, and Portuguese trade figures. Portuguese unemployment, Austrian wholesale prices, and Cypriot GDP.

Britain and Switzerland: British same-store sales, industrial production, trade deficit, construction output, Halifax house price index, and RICs house price balance.  Swiss unemployment and consumer prices.

Nordic Europe: Norwegian and Danish industrial output. Danish current account and CPI.

Eastern Europe: Romanian, Czech and Hungarian retail sales and trade. Romanian and Czech consumer prices. Czech and and Hungarian industrial production.

Australia and New Zealand: Australian business confidence and conditions, consumer confidence, and housing loans. New Zealand food prices and business PMI.

Turkey and South Africa: South African and Turkish industrial production. South African business sentiment and Turkish current account.

Brazil and Mexico: Mexican and Brazilian consumer prices. Mexican trade, consumer sentiment, PPI and industrial production. Brazilian retail sales.

Canada: Housing starts, building permits, and new home prices.

Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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