In the week ahead, the U.S. is to release what will be closely watched data on retail sales, while rate announcements by the Reserve Bank of New Zealand and the Swiss National Bank will also be in focus.
Monday, December 9
Japan is to publish data on the current account, as well as revised data on third quarter economic growth. China is to publish data on consumer price inflation, which accounts for the majority of overall inflation. In the euro zone, Germany is to release reports on the trade balance and industrial production. In addition, the Eurogroup of euro zone finance ministers is to hold talks in Brussels. Switzerland is to publish data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. Bank of England Governor Mark Carney is to speak at an event in New York; his comments will be closely watched.
Tuesday, December 10
Japan is to publish the BSI manufacturing index and a report on tertiary industry activity. China is to release data on industrial production and fixed asset investment. Australia is to produce data on home loans, as well as private sector data on business confidence. The U.K. is to publish data on manufacturing and industrial production and the trade balance. ECB President Mario Draghi is to speak at an event in Rome; his comments will be closely watched.
Wednesday, December 11
Australia is to release private sector data on consumer sentiment. Japan is to release a report on core machinery orders, a leading indicator of production. The RBNZ is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the bank’s decision. The announcement is to be followed by a press conference.
Thursday, December 12
RBNZ Governor Graeme Wheeler is to testify before the Finance and Expenditure Select Committee, in Wellington. Australia is to release data on the change in the number of people employed and the unemployment rate. ECB President Mario Draghi is to speak in the European Parliament in Strasbourg; his comments will be closely watched. The SNB is to announce its libor rate and publish its monetary policy assessment. The announcement is to be followed by a press conference. The ECB is to publish its monthly bulletin, while the euro zone is to release data on industrial production. Canada is to release data on new house price inflation. Bank of Canada Governor Stephen Poltz is to speak at an event in Montreal; his comments will be closely watched. The U.S. is to produce data on retail sales, as well as the weekly report on initial jobless claims.
Friday, December 13
Switzerland is to publish data on producer price inflation. The U.S. is to round up the week with data on producer price inflation