Next Week’s Menu: November 18 – 24, 2023

November 17, 2023

Central Banks: Minutes from recent policy review meetings will be published by the Fed, Reserve Bank of Australia and European Central Bank. Monetary policy reviews are scheduled in Sweden, Iceland, Sri Lanka, Turkey, South Africa, Indonesia and at the People’s Bank of China. Central bank officials with public speaking engagements include Reserve Bank of Australia Governor Bullock, Bank of England Governor Bailey, Bank of Canada Governor Macklem, and ECB Governor Lagarde and ECB Governing Council members Schnabel and Guindos.

Holidays and Events: U.S. and Japanese markets will be closed Thursday for Thanksgiving and Labor Thanksgiving, respectively. Argentina’s run-off presidential election is set for Saturday, November 18. On Wednesday, British Chancellor of the Exchequer Jeremy Hunt will discuss the country’s economic situation and lay out spending and other budget plans on Wednesday. That day, too, will see publication of the OECD Outlook and mark the 60th anniversary of U.S. President Kennedy’s assassination in Texas.

Preliminary November Purchasing Manager Surveys: covering both manufacturing and service sector activities in Australia, the U.K., Euroland, Germany, France, Japan and the United States.

Scheduled U.S. Economic Data Releases: Durable goods orders, the index of leading economic indicators, the Chicago Fed National Activity index, existing home sales and the U. Michigan/Reuters consumer confidence index. Weekly jobless insurance claims, mortgage applications, chain store sales, and energy inventories.

Euroland Releases: Consumer confidence and construction output.

Members of the Euro Area: German and Spanish producer prices. German GDP and IFO Institute business climate survey. French, Dutch and Belgian consumer confidence. French business confidence.

U.K. and Switzerland: British quarterly productivity and unit labor costs. British consumer sentiment, industrial trends survey and public sector net borrowing. Swiss employment growth and trade balance.

Norway, Denmark and Russia: Norwegian GDP, Danish consumer confidence and Russian producer prices.

Japanese Releases: Consumer prices and index of leading economic indicators.

Selected Other Asian Releases: GDP in Thailand and Singapore. Singapore CPI and industrial production. South Korean PPI, Indonesian current account, and Indian consumer confidence.

Australia and New Zealand: Australian index of leading economic indicators. New Zealand retail sales and trade balance.

South Africa and Turkey: South African CPI, business confidence, and leading business cycle index.

Canadian Releases: Consumer prices, new home prices and retail sales.

Mexico and Brazil: Mexican and Brazilian GDP. Mexican current account, retail sales and index of leading economic indicators.

Copyright 2023, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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