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 YoY OCT 1.4% 1.6%
01:30 PM
CA
Inflation Rate MoM OCT 0.1% 0.2%
01:30 PM
US
Building Permits MoM OCT 5.9% -3.7%
01:30 PM
US
Housing Starts MoM OCT 13.7% -3.2% ®
01:30 PM
US
Housing Starts OCT 1290K 1135K ®
01:30 PM
US
Building Permits OCT 1297K 1225K
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
Balance of Trade OCT ¥285.4B ¥668B ®
11:50 PM
JP
Exports YoY OCT 14.0% 14.1%
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 Gov 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 OCT 5.48M 5.37M ®
03:00 PM
US
Existing Home Sales MoM OCT 2.0% 0.4% ®
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
Durable Goods Orders MoM OCT -1.2% 2.2%
01:30 PM
US
Durable Goods Orders Ex Transp MoM OCT 0.4% 1.1% ®
01:30 PM
US
Initial Jobless Claims NOV/18 239K 252K ®
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 QoQ Final Q3 0.8% 0.6%
07:00 AM
DE
GDP Growth Rate YoY Final Q3 2.8% 2.3% ®
07:45 AM
FR
Business Confidence NOV 112 111
08:00 AM
FR
Markit Services PMI Flash NOV 60.2 57.3
08:00 AM
FR
Markit Manufacturing PMI Flash NOV 57.5 56.1
08:30 AM
DE
Markit Manufacturing PMI Flash NOV 62.5 60.6
08:30 AM
DE
Markit Services PMI Flash NOV 54.9 54.7
09:00 AM
EA
Markit Manufacturing PMI Flash NOV 60.0 58.5
09:00 AM
EA
Markit Services PMI Flash NOV 56.2 55
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 Current Conditions NOV 124.4 124.8
09:00 AM
DE
IFO Expectations NOV 111.0 109.2 ®
09:00 AM
DE
IFO Business Climate NOV 117.5 116.8 ®
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 QoQ Final Q3 -0.3% 0.3% ®
02:00 PM
MX
GDP Growth Rate YoY Final Q3 1.5% 1.9%
02:45 PM
US
Markit Manufacturing PMI Flash NOV 53.8 54.6
02:45 PM
US
Markit Services PMI Flash NOV 54.7 55.3
02:45 PM
US
Markit Composite PMI Flash NOV 54.6 55.2
05:00 PM
FR
Unemployment Benefit Claims OCT 8K -64.8K
Monday November 27 2017 Actual Previous Consensus
09:00 AM
IT
Consumer Confidence NOV 114.3 116.0 ®
09:00 AM
IT
Business Confidence NOV 110.8 110.9 ®
02:00 PM
MX
Balance of Trade OCT $-2.066B $-1.886B
03:00 PM
US
New Home Sales OCT 0.685M 0.645M ®
03:00 PM
US
New Home Sales MoM OCT 6.2% 14.2% ®
03:30 PM
US
Dallas Fed Manufacturing Index NOV 19.4 27.6
09:00 PM
KR
Business Confidence NOV 83 81
11:30 PM
US
Fed Kashkari Speech
Tuesday November 28 2017 Actual Previous Consensus
12:00 AM
US
Fed Dudley Speech
07:00 AM
GB
BoE Financial Stability Report
07:45 AM
FR
Consumer Confidence NOV 102 100
10:00 AM
ZA
Business Confidence Q4 34 35
12:00 PM
DE
GfK Consumer Confidence DEC 10.7 10.7
01:30 PM
US
Wholesale Inventories MoM Adv OCT -0.4% 0.1% ®
02:00 PM
MX
Unemployment Rate OCT 3.50% 3.60%
02:00 PM
US
S&P/Case-Shiller Home Price YoY SEP 6.2% 5.8% ®
02:00 PM
US
S&P/Case-Shiller Home Price MoM SEP 0.4% 0.4%
02:15 PM
US
Fed Dudley Speech
03:00 PM
US
Fed Powell Speech
03:00 PM
US
CB Consumer Confidence NOV 129.5 126.2 ®
03:30 PM
CA
BoC Financial System Review
04:30 PM
CA
BoC Press Conference
09:30 PM
US
API Crude Oil Stock Change 24/NOV 1.821M -6.356M
11:50 PM
JP
Retail Sales YoY OCT -0.2% 2.3% ®
Wednesday November 29 2017 Actual Previous Consensus
05:30 AM
NL
Business Confidence NOV 9.1 8.2
07:00 AM
JP
BoJ Nakaso Speech
07:00 AM
CH
UBS Consumption Indicator OCT 1.54 1.51 ®
07:45 AM
FR
GDP Growth Rate QoQ 2nd Est Q3 0.5% 0.6%
08:00 AM
ES
Inflation Rate YoY Prel NOV 1.6% 1.6%
08:30 AM
SE
GDP Growth Rate QoQ Q3 0.8% 1.2% ®
08:30 AM
SE
GDP Growth Rate YoY Q3 2.9% 2.7% ®
09:30 AM
GB
Mortgage Approvals OCT 64.58K 66.11K ®
09:30 AM
GB
Mortgage Lending OCT £3.39B £3.75B ®
09:30 AM
GB
BoE Consumer Credit OCT £1.451B £1.484B ®
10:00 AM
EA
Economic Sentiment NOV 114.6 114.1 ®
10:00 AM
EA
ECB Financial Stability Review
10:00 AM
EA
Business Confidence NOV 1.49 1.44
10:00 AM
EA
Industrial Sentiment NOV 8.2 8.0 ®
10:00 AM
EA
Services Sentiment NOV 16.3 16.2
01:00 PM
DE
Inflation Rate YoY Prel NOV 1.8% 1.6%
01:30 PM
US
GDP Growth Rate QoQ 2nd Est Q3 3.3% 3.1%
01:30 PM
US
Core PCE Prices QoQ 2 Est Q3 1.4% 0.9%
01:30 PM
US
GDP Price Index QoQ 2nd Est Q3 2.1% 1.0%
01:30 PM
US
PCE Prices QoQ 2 Est Q3 1.5% 0.3%
01:30 PM
US
Corporate Profits QoQ Prel Q3 5.8% 0.1%
01:30 PM
US
Fed Dudley Speech
03:00 PM
US
Fed Yellen Speech
03:00 PM
US
Pending Home Sales YoY OCT -0.6% -3.9% ®
03:00 PM
US
Pending Home Sales MoM OCT 3.5% -0.4% ®
03:30 PM
US
EIA Gasoline Stocks Change 24/NOV 3.627M 0.044M
03:30 PM
US
EIA Crude Oil Stocks Change 24/NOV -3.429M -1.855M
06:30 PM
MX
Banxico Inflation Report
06:50 PM
US
Fed Williams Speech
11:20 PM
GB
GfK Consumer Confidence NOV -12 -10
11:50 PM
JP
Industrial Production MoM Prel OCT 0.5% -1.0%
11:50 PM
JP
Industrial Production YoY Prel OCT 5.9% 2.6%
Thursday November 30 2017 Actual Previous Consensus
12:30 AM
AU
Private Sector Credit YoY OCT 5.3% 5.4%
12:30 AM
AU
Private Sector Credit MoM OCT 0.4% 0.3%
12:30 AM
AU
Building Permits MoM OCT 0.9% 0.6% ®
12:30 AM
AU
Private Capital Expenditure QoQ Q3 1.0% 1.1% ®
01:00 AM
CN
NBS Manufacturing PMI NOV 51.8 51.6