Next Week’s Menu: November 21 – 27, 2020

November 20, 2020

Central Banks: Monetary policy meetings are scheduled in Sweden, South Korea, Colombia, and Sri Lanka. Minutes from the last policy reviews by the FOMC and the European Central Bank Governing Council get released. Bank of Japan Governor Kuroda, Deputy Governor Debelle of the Reserve Bank of Australia, and Bank of England Monetary Policy Committee members Haskel and Haldane are among the central bank officials with public speaking engagements next week.

Holidays and Events: Japan’s Labor Thanksgiving is being observed on Monday, and America’s Thanksgiving Day falls on Thursday. U.S. Treasury market trading will shut early on Friday at 13:00 EST. The Group of Twenty summit that starts this evening will run through Sunday. Michigan and Pennsylvania a scheduled to certify their presidential election results on Monday, followed by Nevada and North Carolina on Tuesday.

Scheduled U.S. Economic Data Releases: Quarterly GDP and employment cost index. Monthly personal income and spending, PCE price deflator, Chicago Fed National Activity index, new home sales, Case Shiller house price index, FHFA house price index, durable goods orders, Conference Board-compiled consumer confidence, Richmond Fed manufacturing index, U. Michigan/Reuters-compiled consumer sentiment index, advanced trade deficit, and preliminary findings from the IHS-compiled purchasing managers survey. Weekly jobless insurance claims, consumer comfort, chain store sales, mortgage applications, and energy inventories.

Japanese and Chinese Data: Japan’s index of leading economic indicators, corporate service prices, and Tokyo consumer prices. Chinese corporate earnings and index of leading economic indicators.

Selected Other Asian Releases: Thai, Taiwanese, and Singaporean industrial production. South Korean and Taiwanese consumer confidence. Thai and Hong Kong trade balances. Malaysian and Singaporean consumer prices. Singaporean current account, revised GDP and monthly PPI. Taiwanese unemployment and retail sales. South Korean business sentiment.

Euroland Releases: Preliminary purchasing manager survey results for November, economic sentiment, consumer confidence, and money and credit growth.

Members of the Euro Area: German and French PMI surveys. German, French, Austrian and Finnish GDP. Portuguese and Finnish consumer confidence. German IFO Institute business climate index and Austria’s manufacturing purchasing managers survey. French, Spanish, Italian, Finnish, Belgian, Greek, Austrian, Portuguese and Dutch business sentiment. Spanish, Italian, and Finnish producer prices. French and Belgian consumer prices. Irish and Spanish retail sales. French household consumption, Finnish unemployment and Austrian industrial production.

U.K. and Switzerland: British shop prices, distributive trades survey, preliminary purchasing managers survey, and Nationwide house price index. Swiss GDP, M3 money growth, and ZEW expectations index.

Eastern Europe: Hungarian unemployment, Polish retail sales, and Czech business and consumer confidence.

Nordic Europe: Swedish, Danish and Norwegian retail sales. Danish and Swedish business sentiment. Icelandic and Norwegian unemployment. Swedish PPI, GDP, and consumer confidence. Icelandic wage cost index.

Australian, New Zealand, and South African Releases: Australian quarterly business investment and monthly trade balance, construction completions, and preliminary PMI survey. New Zealand trade balance, retail sales, and consumer confidence. South African CPI, PPI, business sentiment, and index of leading economic indicators.

Mexico and Brazil: Mexican and Brazilian unemployment. Mexican trade balance and GDP. Brazil’s current account and PPI.

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



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