Next Week’s Menu: October 30 – November 5, 2021

October 29, 2021

Central Banks: Monetary policies to be reviewed at the Federal Reserve and in Australia, the U.K., Norway, the Czech Republic, Poland, and Malaysia. Press conferences by Bank of England Governor Bailey and Fed Chair Powell. Quarterly Monetary Policy Statement will be published by Reserve Bank of Australia.

Events and Holidays: Lower house election in Japan on October 31 will decide who becomes prime minister. South Africa also holds an election this weekend. G20 Summit in Rome on October 30-31. World Climate Change Conference in Glasgow runs October 31 – November 12. Daylight Savings time in Europe ends October 31, shrinking the time differential with the United States temporarily by one hour. Many countries observe All Saints Day on Monday. Japan’s Culture Day is on Wednesday, and India’s Diwali holiday fall later in the week.

Purchasing Manager Surveys: will be released on every day of next week for a multitude of economies, covering activity in  manufacturing, services, and construction.

U.S. Data Releases: Quarterly productivity and unit labor costs. Monthly labor market statistics, construction spending, factory orders, IBD/TIPP optimism, motor vehicle sales, trade balance and ADP estimate of private sector employment. Weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales, and energy inventories.

Japanese Statistics: Household spending and monetary base.

Other Asia Economic Releases: Indian and South Korean trade balances. Indonesian, South Korean, Filipino, and Thai consumer prices. Indonesian GDP  and South Korean current account. Thai business sentiment and consumer confidence.

Euroland: Producer prices, unemployment, and EU Commission forecasts.

Members of the Euro Area: German, French, Italian, Belgian and Austrian retail sales. Spanish and Austrian unemployment. German, French, Irish and Spanish industrial production. German industrial orders, Austrian producer prices, and Spanish consumer confidence.

U.K. and Switzerland: British Halifax and Nationwide house price indices. Swiss CPI, retail sales and consumer confidence.

Eastern Europe: Romanian, Hungarian, Polish and Czech retail sales. Romanian and Hungarian PPI. Russian CPI and Hungarian industrial production.

Nordic Europe: Norwegian unemployment and Danish industrial production.

Australia and New Zealand: Australian building permits and trade balance. New Zealand building permits, labor costs and unemployment.

Turkey and South Africa: Turkish CPI and PPI. South African budget statement.

Canadian Data: Trade balance, labor market statistics, building permits and IVEY-PMI index.

Brazil and Mexico: Brazilian industrial production and Mexican consumer confidence.

Copyright 2021, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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