What to Expect This Week

This week, in the United States, housing starts, building permits and existing home sales are expected to show some gains. Elsewhere, Federal Reserve Chairman Ben Bernanke will be speaking and investors will be looking for details about an exit strategy for quantitative easing.

n Europe, the manufacturing PMI for the Euro Area is likely to exceed the key mark of 50, indicating an expansion, for the first time since May 2008. Moreover, the Ifo German Business Climate Survey should increase for the seventh consecutive month. In the United Kingdom, 3rd quarter advance GDP is likely to show some growth after a visible improvement in retail sales, services output and industrial production. In Japan, trade surplus should improve and the industry activity index may have increased from the previous month. Finally, in Canada, the central bank meets but we don’t expect any changes in the current monetary policy.

Anna Fedec, contact@tradingeconomics.com
10/18/2009 8:40:06 PM