Next Week

November 18, 2016

Holidays: Labor Thanksgiving in Japan on Wednesday followed by U.S. Thanksgiving on Thursday and Black Friday, which is the year’s biggest retail shopping day, the day after.

Central Bank Activity: Monetary policy meetings in Turkey, South Africa, Malaysia, Hungary and Colombia. Release of FOMC minutes. Powell of the Fed, Kent of the Reserve Bank of Australia, and Draghi of the ECB are some of the central bank officials speaking publicly during the period.

Scheduled U.S. Data: New home sales, existing home sales, FHFA house price index, revised U. Michigan/Reuters consumer sentiment index, Chicago Fed National Activity index, durable goods orders, Richmond Fed manufacturing index, and weekly jobless insurance claims, consumer comfort, energy inventories, mortgage applications, and chain store sales.

U.S. Government Appointments: President-Elect Trump may name other people he wants in his cabinet and as key non-cabinet advisors.

British Autumn Budget Statement: Chancellor of the Exchequer Phil Hammond will present his first ABS, describing the the state of the British economy and the new government’s spending plans over the coming few years. Of special interest will be estimates of the impact of Brexit on growth and inflation and how the Theresa May government plans to respond to such.

U.K. and Swiss Statistics: British 3Q GDP, the CBI distributive trades and industrial trends surveys, public sector net borrowing, and the British Bankers Association estimate of mortgage approvals and lending. Swiss trade balance, industrial production, industrial orders and M3 money growth.

Euroland: Index of leading economic indicators, preliminary estimates of consumer confidence and the manufacturing and service-sector purchasing manager indices.

Members of the Euro Area: French and German preliminary PMI surveys. German revised GDP, consumer confidence, IFO business climate index, index of leading economic indicators, and import prices. French business and consumer sentiment. Italian retail sales, wage costs, and orders. Spanish GDP, PPI, and trade balance. Irish and Finnish producer prices. Austrian industrial output, Greek current account, and Belgian consumer confidence.

Nordic Europe: Danish and Swedish consumer sentiment. Danish retail sales, Norwegian unemployment, and Swedish producer prices. Icelandic wages and consumer prices.

Japanese Statistics: Consumer prices, customs trade surplus, small business sentiment, all-industry index, corporate service prices, department store and supermarket sales, manufacturing PMI, and revised index of leading economic indicators.

Selected Other Asian Data: Malaysian, Hong Kong, and Singaporean consumer prices. Singapore and Thai GDP growth rates. Chinese index of leading economic indicators, Hong Kong trade, South Korean consumer sentiment and Singapore’s industrial production.

Canada, Mexico and Brazil: Canadian and Mexican retail sales and wholesale turnover. Brazilian and Mexican current accounts. Mexican GDP and trade.

Australia and New Zealand: Australia’s index of leading economic indicators, construction completions, and third-quarter investment. New Zealand trade.

South Africa and Turkey: South African CPI, PPI, unemployment and index of leading economic indicators. Turkish consumer confidence.

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




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