In the week ahead, investors will be closely watching Wednesday’s minutes of the Fed’s most recent policy setting meeting. The U.S. is also to release data on retail sales and consumer prices. The euro zone is to release data on manufacturing and services sector activity and the ZEW Institute is to release its report on German economic sentiment. Meanwhile, China is to produce preliminary data on manufacturing activity.
Monday, November 18
The euro zone is to release data on the current account balance. Canada is to publish a report on foreign securities purchases. The U.S. is to release private sector data on the outlook for the housing sector.
Tuesday, November 19
The Reserve Bank of Australia is to publish its monetary policy meeting minutes, which contain valuable insights into economic conditions from the bank’s perspective. Australia is also to publish an index of leading economic indicators. The ZEW Institute is to release its closely watched report on German economic sentiment, a leading indicator of economic health. The U.S. is to release data on the employment cost index, an important inflationary indicator. Later Tuesday, New Zealand is to publish data on producer price inflation input.
Wednesday, November 20
Japan is to release data on the trade balance, the difference in value between imports and exports. In the euro zone, Germany is to release data on producer price inflation. The Bank of England is to publish the minutes of its most recent policy setting meeting. The ZEW Institute is to publish a report on economic expectations in Switzerland, a leading indicator of economic health. Canada is to produce data on wholesale sales, a leading indicator of consumer spending. The U.S. is to release a series of data including a report on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. The nation is also to publish data on consumer inflation, existing home sales and business inventories. Later Wednesday, the Federal Reserve is to publish what will be the closely watched minutes of its latest policy meeting.
Thursday, November 21
China is to release the preliminary estimate of the HSBC manufacturing index, a leading indicator of economic health. The Bank of Japan is to announce its benchmark interest rate and publish its monetary policy statement, which outlines economic conditions and the factors affecting the bank’s decision. The announcement is to be followed by a press conference. The euro zone is to release preliminary data on manufacturing and service sector activity, a leading indicator of economic health. Germany and France are also to release individual reports. The U.K. is to release data on public sector net borrowing. The U.S. is release data on producer price inflation, as well as the weekly report on initial jobless claims. The U.S. is also to release data manufacturing activity from the Philly Fed.
Friday, November 22
The Ifo Institute is to publish a report on German business climate, a leading indicator of economic health. Canada is to round up the week with reports on retail sales and consumer inflation.