Next Week’s Menu: November 7-13, 2020

November 6, 2020

Central Banks: Monetary policy meetings are scheduled in New Zealand, Serbia, Mexico and Peru. John Williams of the N.Y. Fed speaks publicly next week as will Haldane, Tenreyro and Governor Bailey of the Bank of England, Adachi of the Bank of Japan, and Senior Deputy Governor Wilkins of the Bank of Canada. A summary of the most recent Bank of Japan Policy Board will be published.

Events and Holidays: The U.S. Supreme Court will hear a challenge to Obamacare on November 10th. The Eurogroup and Ecofin meet later next week. On Wednesday, France, Canada, and the United States will observe Armistice Day, Remembrance Day and Veterans Day.

Scheduled U.S. Economic Data Releases: Monthly producer prices, consumer prices, small business sentiment, the JOLTs survey of job openings, hires and separations, the U. Michigan/Reuters consumer sentiment index, and the federal budget deficit. Weekly jobless insurance claims, energy inventories, chain store sales, consumer comfort and mortgage applications.

Euroland Releases: Quarterly GDP and employment growth. Monthly industrial production, balance of trade, and the Sentix and ZEW indices of investor sentiment.

Members of the Euro Area: German ZEW index, CPI, WPI, current account, trade balance and index of leading economic indicators. French, Italian, Greek, and Finnish industrial production. French, Spanish, Greek, Portuguese, Finnish, and Irish consumer prices. French, Cypriot, and Dutch trade balances. German and Spanish indices of leading economic indicators. Cypriot and Dutch GDP. Ireland’s construction purchasing managers survey, Dutch retail sales, Finnish current account, French unemployment, and Greek import prices.

U.K. and Switzerland: British quarterly GDP and labor productivity. Monthly industrial production, construction output, trade balance, same-store sales, labor statistics, Royal Institute of Chartered Surveyors’ house price balance, and index of leading economic indicators. Swiss unemployment, producer prices and import prices.

Nordic Europe: Danish and Norwegian GDP. Danish, Norwegian and Swedish consumer prices. Swedish and Norwegian household consumption. Danish trade balance and Norwegian producer prices.

Eastern Europe: Czech, Romanian, and Hungarian GDP and consumer prices. Romanian, Polish and Russian trade balances. Polish current account, Czech unemployment and Romanian industrial production.

Japanese and Chinese Data: Japanese and Chinese reserves, money growth, and bank lending. Japanese machinery orders, machine tool orders, tertiary index, producer price, economy watchers index, and index of leading economic indicators. China’s CPI, PPI, foreign direct investment, and trade balance.

Selected Other Asian Releases: Malaysian, Filipino and Hong Kong GDP. Malaysian and Indonesian current accounts. Indian and Taiwanese trade balances. Indian wholesale prices and industrial production. Indonesian retail sales and South Korean unemployment.

Australian and New Zealand Releases: Australian business confidence and conditions, Westpac consumer confidence survey, and building permits. New Zealand manufacturing PMI and home prices.

South Africa and Turkey: South African business confidence, unemployment, and factory output. Turkish retail sales, industrial production, unemployment and current account.

Canada, Mexico, and Brazil: Canadian housing permits and new home prices. Mexican CPI and industrial production. Brazilian retail sales, business confidence and index of leading economic indicators.

Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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