Next Week’s Menu: November 2-8, 2019

November 2, 2019

Central Banks: Monetary policy meetings scheduled in the U.K., Peru, India, Australia, Czech Republic, Romania, Poland, Iceland, Thailand, Malaysia and Serbia. Bank of Japan Board minutes and Reserve Bank of Australia’s quarterly Statement on Monetary Policy to be published. Following Fed officials to speak publicly: Barkin, Bostic, Williams, Evans, Kaplan, and Daly. ECB President Lagarde and Governing Council members DeGuindos and Mersch also speaking in public as will Bank of England Governor Carney.

Holidays and Other Special Events: Japan’s Culture Day on Monday. U.S. returns to Standard Time on November 3, lengthening time difference between NY and London to 6 hours and shortening the Tokyo to NY difference to 13 hours.  British Autumn Budget presentation happens Wednesday, and EU finance ministers meet Friday.

Purchasing Managers Surveys: Manufacturing or private PMIs from Poland, the Philippines, Euroland, Germany, France, Italy, Spain, Hong Kong, Singapore, South Africa, and Lebanon. Non-oil PMIs will be released for Egypt, Saudi Arabia and the United Arab Emirates. Construction PMIs get released for U.K., Ireland, Germany, France, Italy, Euroland and Australia. Service sector or non-manufacturing PMIs for the U.S., Euroland, Germany, France, Italy, Spain, Brazil, India, Ireland, China and Australia.

Scheduled U.S. Economic Statistical Releases: Quarterly productivity and unit labor costs. Monthly durable goods orders, auto sales, JOLTS index, IBD/TIPP Optimism index, consumer credit, U. Michigan/Reuters index of consumer sentiment, and NY PMI (NAPM). Weekly energy inventories, mortgage applications, chain store sales, consumer comfort and jobless insurance claims.

Euroland: Producer prices, retail sales and Sentix measure of investor sentiment.

Members of the Euro Area: German and French industrial production, trade balance and current account. Spanish and Irish industrial production. Greek and Austrian trade balances. Dutch CPI, Italian retail sales, and Austrian wholesale prices.

U.K. and Switzerland: British same store sales, new car registrations and Halifax house price index. Swiss unemployment and consumer confidence.

Eastern and Nordic Europe: Romanian, Czech and Hungarian retail sales. Czech, Hungarian and Norwegian industrial output. Romanian PPI, Hungarian CPI, and Czech trade.

Japanese and Chinese Data Releases: Japanese motor vehicle sales, bankruptcies, labor cash earnings, reserves, economy watchers index, household spending, monetary base, and index of leading economic indicators. Chinese reserves, current account, trade balance, money growth and bank lending.

Selected Other Asian Releases: Thai CPI and PPI. South Korean and Indonesian current accounts. Indonesian GDP and consumer confidence. South Korea’s index of leading economic indicators and Indonesian retail sales.

Australia and New Zealand: Australian quarterly PPI and monthly retail sales, trade balance, and home loans. New Zealand employment, unemployment, and labor costs.

South Africa and Turkey: South African business confidence. Turkey’s CPI and PPI.

Canadian Data: Canadian trade balance, housing starts, unemployment, jobs growth, and IVEY-PMI index.

Brazil and Mexico: Brazilian consumer and producer prices. Mexican CPI and consumer confidence.

Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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