Next Week

November 24, 2018

Central Banks: Monetary policy reviews in South Korea and Israel. Publication of FOMC minutes from meeting on November 8. Federal Reserve officials speaking publicly during the coming week include Chairman Powell, Vice Chair Clarida, and district presidents Bostic, George, Evans and Williams. Also making public comments will be Draghi, Praet, Coeure, Nowatny, and Mersch of the European Central Bank, Masai of the Bank of Japan, Bank of England Governor Carney, and Lowe and Kent of the Reserve Bank of Australia.

Special Events: A two-day summit of EU leaders to consider the proposed Brexit deal begins November 25. The annual summit of Group of Twenty leaders in Buenas Aires starts Friday. Important Sino-U.S. trade talks will occur there. November ends on Friday.

Selected U.S. Releases of Economic Statistics: Quarterly GDP. Monthly personal income, personal spending, PCE price deflator, FHFA house price index, Case-Shiller house price index, Dallas and Richmond Fed manufacturing indices, new home sales, pending home sales, advanced trade balance, consumer confidence, Chicago Fed National Activity Index, and Chicago PMI. Weekly jobless insurance claims, chain store sales, consumer comfort, energy inventories, and mortgage applications.

Japanese Data: Industrial production, retail sales, unemployment, motor vehicle output, housing starts, construction orders, Tokyo consumer prices, corporate service prices, and index of leading economic indicators.

Other Selected Asian Releases: Malaysian, Filipino and Singaporean producer prices. South Korean and Singaporean industrial production. Chinese government-authorized manufacturing and non-manufacturing purchasing manager surveys. Thai and Hong Kong trade balances. South Korean and Hong Kong retail sales. South Korean consumer confidence and business sentiment. Thai current account and China’s index of leading economic indicators.

Euroland: Consumer prices, economic sentiment, unemployment and money and credit growth.

Members of the Euro Area: German IFO business climate index, retail sales, consumer confidence, import prices, and unemployment. French, Italian, Finnish, Austrian, Portuguese, and Belgian GDP. Spanish and Italian business sentiment and consumer prices. Italian, French and Portuguese consumer confidence. French, Italian, Greek, Cypriot, Finnish, and Austrian producer prices. Spanish, Irish and Greek retail sales. Austrian manufacturing PMI, Spain’s current account, French consumer spending, and Italian unemployment.

U.K. and Switzerland: Great Britain’s Nationwide house price index, shop prices, money growth, consumer confidence and the CBI distributive trades survey. Swiss GDP, ZEW expectations index, and index of leading economic indicators.

Nordic Europe: Swedish, Norwegian and Danish retail sales. Danish and Swedish GDP. Danish and Norwegian unemployment. Iceland’s CPI and PPI. Swedish consumer confidence, PPI, and trade balance.

Eastern Europe: Czech and Polish GDP. Czech consumer and business sentiment. Polish and Hungarian unemployment. Hungary’s trade balance and PPI.

Canadian Data: Quarterly GDP and current account. Monthly PPI, GDP and raw material prices.

Mexico and Brazil: Mexican retail sales, trade balance, and unemployment. Brazilian current account, PPI, GDP, and unemployment.

Australia and New Zealand: Australian third-quarter business investment and monthly construction work done, money growth, and private credit. New Zealand quarterly retail sales and monthly trade balance, activity outlook index, business sentiment, consumer confidence and building permits.

South Africa and Turkey: South African and Turkish trade balances. South African PPI, money growth and domestic credit expansion.

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



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