In the week ahead, investors will be focusing on Wednesday’s minutes of the Federal Reserve’s October meeting and Thursday’s report on the U.S. consumer price index. A report on U.K. inflation and euro zone data on private sector activity will also be closely watched.
Monday, November 17
Japan is to publish preliminary data on third quarter gross domestic product, the broadest indicator of economic activity and the leading measure of the economy’s health. In the euro zone, Germany’s Bundesbank is to publish its monthly report. Meanwhile, ECB President Mario Draghi is to testify on monetary policy in the European Parliament in Brussels. Canada is to release data on foreign securities purchases. The U.S. is to release a report on manufacturing activity in the New York region, as well as data on industrial production.
Tuesday, November 18
The Reserve Bank of Australia is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Separately, RBA Governor Glenn Stevens is to speak at an event in Melbourne; his comments will be closely watched. The U.K. is to release data on consumer price inflation, which accounts for the majority of overall inflation. 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 producer price inflation.
Wednesday, November 19
The Bank of Japan 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 bank will hold a press conference following the announcement. The Bank of England is to publish the minutes of its latest policy meeting. The U.S. is to release data on building permits and housing starts. Later Wednesday, the Federal Reserve is to publish the minutes of its October meeting.
Thursday, November 20
Japan is to publish data on the trade balance, the difference in value between imports and exports. China is to publish the preliminary reading of its HSBC manufacturing index. Switzerland is to report on its trade balance. The euro zone is to publish preliminary data on private sector activity, while Germany and France are to also to publish data on private sector growth. The U.K. is to release data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. The U.K. is also to release private sector data on industrial order expectations. Canada is to release data on wholesale sales. The U.S. is to release data on initial jobless claims, consumer prices, existing homes sales and manufacturing activity in the Philadelphia region.
Friday, November 21
ECB President Mario Draghi is to speak at an event in Frankfurt; his comments will be closely watched. The U.K. is to release data on public sector borrowing. Canada is to round up the week with data on consumer price inflation.