Market Movers In The Week Ahead Monday, November 25 Switzerland is to release data on the employment level during the previous quarter, a leading economic indicator. The U.S. is to release private sector data on pending home sales, a leading indicator of economic health. Tuesday, November 26 The Bank of Japan is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Bank of England Governor Mark Carney and several BoE policymakers are to testify on the outlook for inflation and economic growth before parliament’s Treasury Committee. The U.S. is to produce data on building permits, a leading indicator of future construction activity as well as a report on housing starts. The nation is also to release private sector data on consumer confidence and house price inflation. Later Tuesday, New Zealand is to publish data on the trade balance, the difference in value between imports and exports. Wednesday, November 27 Australia is to release data on completed construction work, an important gauge of activity in the sector. In the euro zone, Germany is to release the Gfk report on consumer climate. The U.K. is to release revised data on third quarter economic growth, as well as preliminary data on business investment. The U.S. is to release data on durable goods orders, a leading indicator of production, as well as a report on manufacturing activity in the Chicago region and revised data on consumer sentiment. The Labor Department is to release the weekly report on initial jobless claims one day ahead of schedule due to Thursday’s Thanksgiving holiday. Thursday, November 28 Japan is to produce official data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. New Zealand is to release private sector data on business confidence and a separate report on building consents, while Australia is to produce data on private capital expenditure. Switzerland is to release 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 is to release preliminary data on consumer inflation, in addition to data on the change in the number of people unemployed. The BoE is to publish its twice yearly financial stability report. BoE Governor Mark Carney is to hold a press conference about the report. Canada is to release data on the current account and a separate report on raw materials price inflation. Markets in the U.S. will be closed for the Thanksgiving holiday. Friday, November 29 Japan is to release a series of data, including reports on household spending, inflation, and industrial production. Australia is to produce data on private sector credit. Switzerland is to publish its KOF economic barometer. The U.K. is to release data on net lending to individuals and mortgage approvals. The euro zone is to release preliminary data on consumer inflation and a separate report on the unemployment rate across the currency bloc. Germany is to release data on retail sales. Canada is to round up the week with the monthly report on GDP growth.
Posted on: Sun, 24 Nov 2013 14:50:59 +0000
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