In the week ahead, investors will be looking ahead to Friday’s preliminary report on euro zone inflation.
The U.S. is to release a string of economic reports on Wednesday ahead of Thursday’s Thanksgiving holiday, including a look at unemployment claims and durable goods orders. Tuesday’s speech by Bank of Japan Governor Haruhiko Kuroda will also be closely watched.
Monday, November 24
Markets in Japan are to remain closed for a national holiday. Switzerland is to release data on the employment level. The Ifo Institute is to release its report on German business climate.
Tuesday, November 25
The BoJ is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Later in the day, BoJ Governor Haruhiko Kuroda is to speak; his comments will be closely watched. New Zealand is to release data on inflation expectations. The U.K. is to release private sector data on mortgage approvals. Also, Bank of England Governor Mark Carney is to testify before Parliaments Treasury Committee. Canada is to release data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. The U.S. is to release revised data on third quarter gross domestic product and a report on consumer confidence.
Wednesday, November 26
The U.K. is to produce revised data on third quarter GDP. The country is also to release preliminary data on business investment and private sector data on retail sales. The U.S. is to release a flurry of data ahead of Thursday’s holiday, including reports on durable goods orders, unemployment claims, personal income and spending, as well as reports on new and pending home sales and revised data on consumer sentiment.
Thursday, November 27
Australia is to release data on private capital expenditure. In the euro zone, Germany and Spain are to release preliminary data on consumer price inflation. Germany is also to produce data on employment change and consumer climate. Markets in the U.S. are to remain closed for the Thanksgiving Holiday. Canada is to publish data on the current account. Later Thursday, New Zealand is to publish a report on building consents.
Friday, November 28
Japan is to produce reports on inflation, household spending, retail sales and preliminary data on industrial production. New Zealand is to publish a private sector report on business confidence. The euro zone is to release what will be closely watched preliminary data on the consumer price index as well as a report on the unemployment rate, while Germany is to release data on retail sales. The U.K. is to publish private sector data on house price inflation. Elsewhere in Europe, Switzerland is to publish its KOF economic barometer. Canada is to round up the week with its monthly GDP report.