In the week ahead, investors will be closely watching Thursday’s Senate hearing to confirm Janet Yellen as the first chairwoman of the Federal Reserve. The euro zone and Japan are to release preliminary data on third quarter growth and the Bank of England is to publish its closely watched quarterly inflation report.
Monday, November 11
Japan is to release data on bank lending and the current account. Australia is to produce data on home loan approvals.
Tuesday, November 12
Japan is to release data on tertiary industry activity, a leading indicator of economic health. Australia is to publish a private sector report on business confidence. The U.K. is to produce data on consumer price inflation, which accounts for the majority of overall inflation. The Reserve Bank of New Zealand is to release its bi-annual financial stability report, which outlines the bank’s view on the outlook for inflation and growth.
Wednesday, November 13
Australia is to release a private sector report on consumer sentiment, as well as official data on the wage price index. Japan is to produce data on core machinery orders, a leading indicator of production. The U.K. is to release official data on the change in the number of people unemployed and the unemployment rate, as well as data on average earnings. Meanwhile, the Bank of England is to publish its closely watched quarterly inflation report and BoE Governor Mark Carney is to speak at a press conference to accompany the report. The euro zone is to publish data on industrial production. Later Wednesday, New Zealand is to publish data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity.
Thursday, November 14
Japan is to release preliminary data on third quarter gross domestic product, the broadest indicator of economic activity and the leading measure of the economy’s health. Australia is to produce reports on inflation expectations and new vehicle sales. The euro zone is to release a flash estimate of third quarter GDP, while Germany, France and Italy are also to release preliminary estimates of third quarter growth. The ECB is to publish its monthly bulletin. Elsewhere in Europe, Switzerland is to publish data on producer price inflation, while the U.K. is to produce data on retail sales. Later Thursday, both the U.S. and Canada are to release official data on the trade balance, the difference in value between imports and exports. The U.S. is also to publish the weekly report on initial jobless claims.
Friday, November 15
The euro zone is to release data on consumer price inflation. Canada is to publish data on manufacturing sales, a leading indicator of economic health. The U.S. is to round up the week with data on manufacturing activity in the New York region, as well as reports on industrial production and import prices.