Week Ahead


In the US, the most important events are the FOMC minutes release, existing home sales and durable goods. In the UK, investors will be waiting for the Autumn Budget. Elsewhere, flash PMIs for the Euro Area, Germany, France and Japan will also be in the spotlight.

In the US, investors will be waiting for the FOMC minutes release for further clues on the timing of the next Fed rate hike. Markets are anticipating a 25bps rise in the fed funds rate in the December meeting. Other important data include existing home sales, durable goods, final figures for Michigan consumer sentiment and flash PMI figures.
 
Elsewhere in America: Canada retail sales; mid-month inflation figures for Brazil and Mexico; final figures for Mexico GDP growth; Colombia interest rate decision and Chile GDP growth. On Sunday November 19th, Chileans will choose the next President and investors bet on the return of Sebastián Piñera.
 
In the UK, the Chancellor Philip Hammond will deliver the Autumn Budget. Other important data include government borrowing numbers and the second estimate for GDP growth.
 
In Europe, flash PMI readings for the Euro Area, Germany and France; Eurozone consumer confidence; Germany IFO business climate and final estimates for GDP growth; and the minutes from last ECB monetary policy meeting will also be in the spotlight.
 
In Asia, important data include flash manufacturing PMI for Japan; Thailand GDP growth; final GDP growth figures for Singapore and Taiwan. In Australia, the RBA will also publish minutes from its last monetary policy meeting.
 
In Africa, investors will be waiting for the inflation rate for South Africa and for monetary policy updates for South Africa, Nigeria and Kenya.




Joana Taborda | joana.taborda@tradingeconomics.com
11/18/2017 11:18:13 AM



 


Friday November 17 2017 Actual Previous Consensus
04:00 AM
MY
GDP Growth Rate YoY Q3 6.2% 5.8%
04:00 AM
MY
GDP Growth Rate QoQ Q3 1.8% 1.3%
08:30 AM
EA
ECB Draghi Speech
10:00 AM
EA
Construction Output YoY SEP 3.1% 1.9% ®
01:00 PM
PL
Employment Growth YoY OCT 4.4% 4.5%
01:30 PM
CA
Core Inflation Rate YoY OCT 0.9% 0.8%
01:30 PM
CA
Inflation Rate MoM OCT 0.1% 0.2%
01:30 PM
CA
Inflation Rate YoY OCT 1.4% 1.6%
01:30 PM
US
Building Permits MoM OCT 5.9% -3.7%
01:30 PM
US
Building Permits OCT 1297K 1225K
01:30 PM
US
Housing Starts MoM OCT 13.7% -3.2% ®
01:30 PM
US
Housing Starts OCT 1290K 1135K ®
04:00 PM
US
Kansas Fed Manufacturing Index NOV 15 20
DE
Euro Finance Week 2017
Saturday November 18 2017 Actual Previous Consensus
01:30 AM
CN
House Price Index YoY OCT 5.4% 6.3%
Sunday November 19 2017 Actual Previous Consensus
11:50 PM
JP
Exports YoY OCT 14.0% 14.1%
11:50 PM
JP
Balance of Trade OCT ¥285.4B ¥668B ®
CL
Presidential Elections
Monday November 20 2017 Actual Previous Consensus
02:30 AM
TH
GDP Growth Rate YoY Q3 4.3% 3.8% ®
02:30 AM
TH
GDP Growth Rate QoQ Q3 1.00% 1.4% ®
07:00 AM
DE
PPI MoM OCT 0.3% 0.3%
08:00 AM
NG
GDP Growth Rate YoY Q3 1.4% 0.72% ®
11:00 AM
DE
Bundesbank Monthly Report
01:00 PM
RU
Unemployment Rate OCT 5.1% 5%
02:00 PM
EA
ECB Draghi Speech
04:00 PM
EA
ECB Draghi Speech
Tuesday November 21 2017 Actual Previous Consensus
12:30 AM
AU
RBA Meeting Minutes
07:00 AM
CH
Balance of Trade OCT CHF2.333B CHF2.815B ®
09:00 AM
ES
Balance of Trade SEP €-2.1B €-3.2B
09:05 AM
AU
RBA Lowe Speech
11:00 AM
GB
CBI Industrial Trends Orders NOV 17 -2
01:30 PM
US
Chicago Fed National Activity Index OCT 0.65 0.36 ®
03:00 PM
US
Existing Home Sales MoM OCT 2.0% 0.4% ®
03:00 PM
US
Existing Home Sales OCT 5.48M 5.37M ®
09:30 PM
US
API Weekly Crude Oil Stock NOV -6.356M 6.513M
11:00 PM
US
Fed Yellen Speech
Wednesday November 22 2017 Actual Previous Consensus
12:30 AM
AU
Construction Work Done QoQ Q3 15.7% 9.3%
03:00 AM
TH
Balance of Trade OCT $0.210B $3.35B
05:30 AM
NL
Consumer Confidence NOV 23.0 23
07:00 AM
TR
Consumer Confidence NOV 65.2 67.3
08:00 AM
ZA
Inflation Rate YoY OCT 4.8% 5.1%
09:30 AM
GB
BoE FPC Meeting
12:30 PM
GB
Autumn Budget
01:30 PM
US
Initial Jobless Claims NOV/18 239K 252K ®
01:30 PM
US
Durable Goods Orders Ex Transp MoM OCT 0.4% 1.1% ®
01:30 PM
US
Durable Goods Orders MoM OCT -1.2% 2.2%
03:00 PM
EA
Consumer Confidence Flash NOV 0.1 -1.1 ®
03:00 PM
US
Michigan Consumer Sentiment Final NOV 98.5 100.7
03:30 PM
US
EIA Crude Oil Stocks Change 17/NOV -1.855M 1.854M
03:30 PM
US
EIA Gasoline Stocks Change 17/NOV 0.044M 0.894M
05:00 PM
US
EIA Natural Gas Stocks Change NOV/17 -46Bcf -18Bcf
07:00 PM
US
FOMC Minutes
EA
ECB Non-Monetary Policy Meeting
Thursday November 23 2017 Actual Previous Consensus
07:00 AM
DE
GDP Growth Rate YoY Final Q3 2.8% 2.3% ®
07:00 AM
DE
GDP Growth Rate QoQ Final Q3 0.8% 0.6%
07:45 AM
FR
Business Confidence NOV 112 111
08:00 AM
FR
Markit Manufacturing PMI Flash NOV 57.5 56.1
08:00 AM
FR
Markit Services PMI Flash NOV 60.2 57.3
08:30 AM
DE
Markit Services PMI Flash NOV 54.9 54.7
08:30 AM
DE
Markit Manufacturing PMI Flash NOV 62.5 60.6
09:00 AM
EA
Markit Services PMI Flash NOV 56.2 55
09:00 AM
EA
Markit Manufacturing PMI Flash NOV 60.0 58.5
09:30 AM
GB
Business Investment YoY Prel Q3 1.3% 2.5%
09:30 AM
GB
Business Investment QoQ Prel Q3 0.2% 0.5%
09:30 AM
GB
GDP Growth Rate YoY 2nd Est Q3 1.5% 1.5%
09:30 AM
GB
GDP Growth Rate QoQ 2nd Est Q3 0.4% 0.3%
12:30 PM
EA
ECB Monetary Policy Meeting Accounts
01:20 PM
ZA
Interest Rate Decision 6.75% 6.75%
01:30 PM
CA
Retail Sales MoM SEP 0.1% -0.1% ®
01:55 PM
BR
Business Confidence NOV 56.5 56.0
03:00 PM
MX
Monetary Policy Meeting Minutes
04:30 PM
CH
SNB Chair Jordan Speech
09:00 PM
KR
Consumer Confidence NOV 112 109
Friday November 24 2017 Actual Previous Consensus
12:30 AM
JP
Nikkei Manufacturing PMI Flash NOV 53.8 52.8
04:00 AM
MY
Inflation Rate YoY OCT 3.7% 4.3%
08:15 AM
CH
Industrial Production YoY Q3 8.6% 3.2% ®
09:00 AM
DE
IFO Business Climate NOV 117.5 116.8 ®
09:00 AM
DE
IFO Current Conditions NOV 124.4 124.8
09:00 AM
DE
IFO Expectations NOV 111.0 109.2 ®
09:30 AM
GB
BBA Mortgage Approvals OCT 40.5K 41.6K ®
11:30 AM
TR
Business Confidence NOV 106.3 109.5
11:30 AM
TR
Capacity Utilization NOV 79.9% 79.7%
02:00 PM
MX
GDP Growth Rate YoY Final Q3 1.5% 1.9%
02:00 PM
MX
GDP Growth Rate QoQ Final Q3 -0.3% 0.3% ®