In the week ahead investors will be awaiting Thursday data on U.S. retail sales and jobless claims and Friday’s report on consumer sentiment for further indications on the strength of the economic recovery. China is to produce what will be closely watched reports on trade, consumer prices and industrial production. Central banks in New Zealand and Switzerland are also to hold policy setting meetings next week.
Monday, December 8
Japan is to release final data on third quarter gross domestic product and a report on the current account. China is to publish data on the trade balance, the difference in value between imports and exports. Switzerland is to publish reports on retail sales and consumer price inflation, which accounts for the majority of overall inflation. Later Monday, Canada is to produce data on building starts and housing permits.
Tuesday, December 9
Australia is to publish private sector data on business confidence. The UK is to publish a report on industrial and manufacturing production.
Wednesday, December 10
Australia is to produce private sector data on consumer sentiment, as well as official data on home loans. Japan is to report on its BSI manufacturing index. China is to publish data on the consumer price index. The U.K. is to release data on the trade balance. Later in the day, the Reserve Bank of New Zealand is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision. The announcement is to be followed by a press conference.
Thursday, December 11
Japan is to release data on core machinery orders and tertiary industry activity. RBNZ Governor Graeme Wheeler is to testify before the Finance and Expenditure Select Committee in Wellington. His comments will be closely watched. Australia is to publish data on the change in the number of people employed and the unemployment rate. The Swiss National Bank is to announce its libor rate and publish its monetary policy assessment. The bank is to hold a press conference to discuss the monetary policy decision. Later Thursday, Bank of Canada Governor Stephen Poloz is to speak at an event in New York. The U.S. is to release data on retail sales, the government measure of consumer spending, as well as the weekly report on jobless claims.
Friday, December 12
China is to release data on industrial production and fixed asset investment. The euro zone is to publish a report on industrial production. The U.S. is to round up the week with data on producer prices and a preliminary report on consumer sentiment.