What to Expect This Week

This week, in the United States, we expect the third quarter GDP estimate to be revised lower from 3.5% to 2.5%. In addition, personal income probably edged higher in November.

 In Japan, we are looking for core CPI to rise again, yet still stay in negative territory on year over year basis. In a negative note, unemployment should increase in November after three straight months of improvement. In the United Kingdom, final GDP data may get revised up substantially from the previous -0.3% q/q estimate. In Canada, retail sales probably increased in October, reflecting a surge in new car purchases. In addition, GDP may gain 0.3% on a month over month basis. Finally, in New Zealand, third quarter GDP should come positive, giving the central bank field to increase interest rates at the beginning of the next year.

12/20/2009 9:13:19 PM