Next Week

November 2, 2018

Central Banks: Monetary policy reviews scheduled at the Federal Reserve and in Australia, New Zealand, Poland, Romania, Serbia, Malaysia and Peru. BOJ Governor Kuroda and ECB Vice President Guindos speak publicly. Minutes from the Bank of Japan’s September Board meeting and a summary of its end-October meeting, plus the Reserve Bank of Australia’s quarterly Monetary Policy Statement get published.

Special Notes: The United States returns to standard time, restoring the usual time difference with Europe and lengthening the time difference with Japan by an hour to 14 hours. The European Commission updates macroeconomic forecasts.

Purchasing Manager Surveys: Of the many to be released, ones covering service sector activity arrive for China, Japan, Australia, India, Ireland, Great Britain, the United States, Russia, Spain, France, Italy, Germany, Brazil and Euroland. Manufacturing and/or non-oil private sector PMIs due next week include those for Hong Kong, Singapore, South Africa, The Philippines, Egypt, Lebanon, Saudi Arabia and the United Arab Emirates. Construction PMIs for German and Australia are due, too.

Scheduled U.S. Economic Data Releases: Producer prices, Labor Dept JOLTS survey, Fed’s Employment Trends survey, consumer credit, Reuters/U. Michigan consumer sentiment, and weekly jobless insurance claims, consumer comfort, chain store sales, mortgage applications and energy inventories.

Japan and China: Japanese household spending, bank lending, money growth, bankruptcies, current account, tertiary index, economy watchers index, machinery orders, and index of leading economic indicators. Chinese current account, reserves, trade balance, foreign direct investment, consumer prices, producer prices and possibly money growth and bank lending.

Selected Other Asian Statistical Releases: Indonesian and South Korean current accounts. Filipino, and Malaysian trade. Indonesian GDP, retail sales, and consumer sentiment. Malaysian industrial production and unemployment. Filipino CPI and South Korea’s index of leading economic indicators.

Euroland: Retail sales, producer prices and Sentix gauge of investor sentiment.

Members of the Euro Area: German orders, industrial production, current account, trade balance and wholesale prices. Spanish, Finnish, Greek and Irish industrial production. Portuguese, Austrian, French and Cypriot trade balances. Greek and Cypriot consumer prices. French current account, Spanish consumer confidence, Italian retail sales, and Greek unemployment.

U.K. and Switzerland: British GDP (both 3Q and September), trade balance, construction output, industrial production, car sales, same-store sales, Halifax house price index, and the Royal Institute of Chartered Surveyors’ house price balance index. Swiss unemployment.

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

Nordic Europe: Norwegian CPI, PPI, and industrial production. Denmark’s current account and trade balance.

Australia and New Zealand: Australian home loans. New Zealand labor costs, unemployment, and growth in jobs.

Turkey and South Africa: Turkish CPI and PPI. South African industrial production and business confidence.

Canada: Housing starts, building permits, house prices, and IVEY-PMI index.

Brazil and Mexico: Brazilian and Mexican consumer prices. Mexican trade, industrial production, consumer confidence and PPI.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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