Week Ahead

Minutes from the Federal Reserve and European Central Bank will be in the spotlight next week, while South Korea's policymakers meet to set interest rates. On the economic data front, the US is releasing the second estimate of Q3 GDP, alongside durable goods orders, personal income and outlays, and PCE price index. Other GDP updates to follow include those from Germany, France, Singapore, Taiwan and Mexico. Elsewhere, flash PMI surveys for the US, UK, Eurozone and Australia will be keenly watched, as well as the Eurozone business survey and China industrial profits.
Joana Ferreira | joana.ferreira@tradingeconomics.com 11/20/2020 8:03:16 PM
In the US, the minutes from the last FOMC meeting are due Wednesday, with investors hoping they might provide some clarity on policymakers' next move. In November, the Fed took a wait-and-see approach amid uncertainty surrounding the outcome of the US election, but reiterated its commitment to use its full range of tools to support the US economy. 

Meanwhile, it is a relatively busy week ahead on the economic data front. The second estimate of third-quarter GDP is set to confirm the economy rebounded at a record pace from a historic contraction seen in the three months to June, following the relaxation of coronavirus-induced restrictions. Other notable publications include: personal income and outlays; PCE price index; durable goods orders; flash Markit PMI survey; CB consumer confidence; new home sales; Chicago Fed National Activity Index; Case-Shiller home prices; the advance estimates of goods trade balance and wholesale inventories; and the final reading of Michigan consumer sentiment.

US stock markets will be closed on Thursday for Thanksgiving Day, and will close early at 1:00 pm ET on Friday.

Elsewhere in America, key economic data to follow include Mexico's final estimate of third-quarter GDP, trade balance, retail sales, unemployment and economic activity; Brazil current account, net payrolls and jobless rate; and Chile unemployment.

Across the Atlantic, talks on post-Brexit trade deal continue, with Britain and the EU set to reach a deal early next week despite their differences on key issues such as fishing, level playing field guarantees and enforcement of the agreement.

In the UK, flash Markit PMI numbers are expected to show the manufacturing sector stabilized in November following five consecutive months of expansion while the service sector fell back into contraction. Investors will also keep an eye on CBI distributive trades, Nationwide housing prices and car production. 

Elsewhere in Europe, the ECB will probably flag further monetary easing when it publishes the account of October’s policy meeting on Thursday, while Sweden's central bank will be deciding on interest rates. Flash Markit PMIs for the Eurozone, Germany and France will also be in the spotlight, with the bloc’s business activity set to slip back into contraction territory amid rising COVID-19 cases and new lockdowns across the continent. Also, final estimates of third-quarter GDP for some European countries will be released, including updated data for Germany and France. Other key economic data include: Eurozone business survey and monetary indicators; Germany Ifo business climate and Gfk consumer confidence; France inflation rate, household consumption, business and consumer morale; and Turkey industry sentiment.

In Asia, China publishes industrial profits while investors in Japan turn their attention to Tokyo inflation and the final estimate of September’s leading economic index. Elsewhere, the Bank of Korea will be holding its monetary policy meeting on Thursday, but no changes are expected. On the economic data front, important releases include consumer and business confidence.

Traders in Australia will be waiting for flash Markit PMIs, construction work done and private capital expenditure; while New Zealand’s retail sales and trade balance will also be keenly watched.

Other key data for the Asia-Pacific region include: Singapore Q3 final GDP, inflation and manufacturing production; Taiwan final Q3 GDP figures, unemployment and industrial output; Malaysia consumer prices; Thailand foreign trade and industrial production.





 


Friday November 20 2020 Actual Previous Consensus Forecast
12:01 AM
GB
GfK Consumer Confidence NOV -33 -31 -34 -33
12:30 AM
AU
Retail Sales MoM Prel OCT 1.6% -1.1% ® 0.3% 0.4%
12:30 AM
JP
Jibun Bank Manufacturing PMI Flash NOV 48.3 48.7 49.4 49.9
12:30 AM
JP
Jibun Bank Services PMI Flash NOV 46.7 47.7 49.1
01:30 AM
CN
Loan Prime Rate 1Y 3.85% 3.85% 3.85%
01:30 AM
CN
Loan Prime Rate 5Y NOV 4.65% 4.65% 4.65%
05:30 AM
NL
Consumer Confidence NOV -26.0 -30.0 -27
07:00 AM
DE
PPI MoM OCT 0.1% 0.4% 0.1% 0.2%
07:00 AM
TR
Consumer Confidence NOV 80.1 81.9 84
07:00 AM
GB
Retail Sales MoM OCT 1.2% 1.4% ® 0% 0.4%
07:00 AM
GB
Retail Sales YoY OCT 5.8% 4.6% ® 4.2% 4%
09:30 AM
EG
Unemployment Rate Q3 7.3% 9.6% 9.3%
01:00 PM
DE
Bundesbank Weidmann Speech
01:30 PM
CA
Retail Sales MoM SEP 1.1% 0.5% ® 0.2% 0%
01:30 PM
CA
New Housing Price Index MoM OCT 0.8% 1.2% 1% 0.6%
01:30 PM
CA
New Housing Price Index YoY OCT 3.9% 3.2% 3.7%
03:00 PM
EA
Consumer Confidence Flash NOV -17.6 -15.5 -17.7 -18
04:00 PM
RU
Unemployment Rate OCT 6.3% 6.3% 6.4% 6.5%
Saturday November 21 2020 Actual Previous Consensus Forecast
SA
G20 Summit Meeting
Sunday November 22 2020 Actual Previous Consensus Forecast
10:00 PM
AU
Markit Services PMI Flash NOV 54.9 53.7 53.5
10:00 PM
AU
Markit Manufacturing PMI Flash NOV 56.1 54.2 54
SA
G20 Summit Meeting
Monday November 23 2020 Actual Previous Consensus Forecast
12:00 AM
SG
GDP Growth Rate YoY Final Q3 -5.8% -13.3% ® -5.4% -6%
12:00 AM
SG
GDP Growth Rate QoQ Final Q3 9.2% -13.2% 7.9% 7.9%
03:30 AM
TH
Balance of Trade OCT $2.05B $2.23B $1.94B $1.7B
08:00 AM
NG
GDP Growth Rate YoY Q3 -3.62% -6.10% -4.8%
08:00 AM
NG
GDP Growth Rate QoQ Q3 12.1% -5% -2.7%
08:00 AM
TW
Unemployment Rate OCT 3.77% 3.78% 3.8%
08:15 AM
FR
Markit Manufacturing PMI Flash NOV 49.1 51.3 50.1 50.0
08:15 AM
FR
Markit Services PMI Flash NOV 38 46.5 37.7 40.1
08:30 AM
DE
Markit Manufacturing PMI Flash NOV 57.9 58.2 56.5 55.9
08:30 AM
DE
Markit Services PMI Flash NOV 46.2 49.5 46.3 46.5
09:00 AM
EA
Markit Manufacturing PMI Flash NOV 53.6 54.8 53.1 53.6
09:00 AM
EA
Markit Services PMI Flash NOV 41.3 46.9 42.5 43.7
09:30 AM
GB
Markit/CIPS UK Services PMI Flash NOV 45.8 51.4 42.5 42
09:30 AM
GB
Markit/CIPS Manufacturing PMI Flash NOV 55.2 53.7 50.5 50
11:00 AM
IL
Unemployment Rate OCT 4.7% 4.6% ® 4.8%
11:30 AM
BR
BCB Focus Market Readout
01:30 PM
US
Chicago Fed National Activity Index OCT 0.83 0.32 ® 0.1
02:45 PM
US
Markit Composite PMI Flash NOV 57.9 56.3 54.5
02:45 PM
US
Markit Manufacturing PMI Flash NOV 56.7 53.4 53 52.9
02:45 PM
US
Markit Services PMI Flash NOV 57.7 56.9 55 55.1
06:00 PM
US
Fed Daly Speech
07:00 PM
CA
BoC Gravelle Speech
08:00 PM
US
Fed Evans Speech
09:00 PM
KR
Consumer Confidence NOV 97.9 91.6 82
Tuesday November 24 2020 Actual Previous Consensus Forecast
02:30 AM
AU
RBA Debelle Speech
06:00 AM
FI
Unemployment Rate OCT 7.4% 7.6% 8.3%
07:00 AM
DE
GDP Growth Rate YoY Final Q3 -4% -11.3% -4.3% -4.3%
07:00 AM
DE
GDP Growth Rate QoQ Final Q3 8.5% -9.8% 8.2% 8.2%
07:00 AM
TR
Business Confidence NOV 103.9 108.1 109
07:00 AM
TR
Capacity Utilization NOV 75.8% 75.4% 75.8%
07:45 AM
FR
Business Confidence NOV 92 94 ® 91 91
09:00 AM
DE
Ifo Business Climate NOV 90.7 92.5 ® 90.1 90.1
11:00 AM
GB
CBI Distributive Trades NOV -25 -23 -35 -32
11:00 AM
GB
BoE Haskel Speech
12:00 PM
MX
Unemployment Rate OCT 4.7% 5.1% 5% 5.1%
12:05 PM
JP
BoJ Gov Kuroda Speech
01:00 PM
DE
Bundesbank Mauderer Speech
01:30 PM
NG
Interest Rate Decision 11.5% 11.5% 11.5% 11.5%
02:00 PM
EA
ECB President Lagarde Speech
02:00 PM
US
S&P/Case-Shiller Home Price MoM SEP 1.2% 1.2% ® 1%
02:00 PM
US
S&P/Case-Shiller Home Price YoY SEP 6.6% 5.3% ® 5.1% 5.5%
03:00 PM
US
CB Consumer Confidence NOV 96.1 101.4 ® 98 97.5
04:00 PM
DE
Bundesbank Beermann Speech
04:00 PM
US
Fed Bullard Speech
05:00 PM
US
Fed Williams Speech
05:45 PM
CA
BoC Wilkins Speech
05:45 PM
US
Fed Clarida Speech
09:00 PM
KR
Business Confidence NOV 85 79 66
09:30 PM
US
API Crude Oil Stock Change 20/NOV 3.8M 4.174M -0.333M
Wednesday November 25 2020 Actual Previous Consensus Forecast
12:30 AM
AU
Construction Work Done QoQ Q3 -2.6% 0.5% ® -2% -1.7%
04:00 AM
MY
Inflation Rate YoY OCT -1.5% -1.4% -1.4% -1.1%
07:00 AM
NO
Unemployment Rate SEP 5.2% 5.3% 5.3% 5.5%
07:40 AM
DE
Bundesbank Mauderer Speech
08:00 AM
ZA
Inflation Rate YoY OCT 3.3% 3% 3.1% 3%
09:00 AM
PL
Unemployment Rate OCT 6.1% 6.1% 6.1% 6.1%
09:30 AM
EA
ECB Financial Stability Review
10:00 AM
ZA
Business Confidence Q4 40 24 27
11:00 AM
FR
Unemployment Benefit Claims OCT -56.6K -15.2K -10K
11:15 AM
DE
Bundesbank Wuermeling Speech
12:30 PM
GB
2020 Spending Review
01:30 PM
US
Durable Goods Orders MoM OCT 1.3% 2.1% ® 0.9% 0.8%
01:30 PM
US
Wholesale Inventories MoM Adv OCT 0.9% 0.7% ® 0.3%
01:30 PM
US
Corporate Profits QoQ Prel Q3 27.5% -10.7% 8.5%
01:30 PM
US
Durable Goods Orders Ex Transp MoM OCT 1.3% 1.5% ® 0.5% 0.6%
01:30 PM
US
Jobless Claims 4-Week Average 21/NOV 748.5K 743.5K ® 735K
01:30 PM
US
Initial Jobless Claims 21/NOV 778K 748K ® 730K 730K
01:30 PM
US
GDP Price Index QoQ 2nd Est Q3 3.3% -1.4% ® 3.7% 3.7%
01:30 PM
US
GDP Growth Rate QoQ 2nd Est Q3 33.1% -31.4% 33.2% 33.1%
01:30 PM
US
Goods Trade Balance Adv OCT $-80.29B $-79.36B ® $-82B
03:00 PM
US
Personal Income MoM OCT -0.7% 0.7% ® 0% 0.2%
03:00 PM
US
Personal Spending MoM OCT 0.5% 1.2% ® 0.4% 0.5%
03:00 PM
US
New Home Sales OCT 0.999M 1.002M ® 0.97M 0.98M
03:00 PM
US
New Home Sales MoM OCT -0.3% 0.1% ® 1.5% 2.2%
03:00 PM
US
PCE Price Index MoM OCT 0.0% 0.2% 0.2%
03:00 PM
US
PCE Price Index YoY OCT 1.2% 1.4% 1.4%
03:00 PM
US
Michigan 5 Year Inflation Expectations Final NOV 2.6% 2.4% 2.6% 2.6%
03:00 PM
US
Michigan Consumer Expectations Final NOV 70.5 79.2 71.3 71.3
03:00 PM
US
Michigan Current Conditions Final NOV 87.0 85.9 85.8 85.8
03:00 PM
US
Michigan Inflation Expectations Final NOV 2.8% 2.6% 2.8% 2.8%
03:00 PM
US
Michigan Consumer Sentiment Final NOV 76.9 81.8 77 77
03:30 PM
US
EIA Crude Oil Stocks Change 20/NOV -0.754M 0.768M 0.127M
03:30 PM
US
EIA Cushing Crude Oil Stocks Change 20/NOV -1.721M 1.2M
03:30 PM
US
EIA Distillate Stocks Change 20/NOV -1.4M -5.217M -1.586M
03:30 PM
US
EIA Gasoline Stocks Change 20/NOV 2.2M 2.611M 0.614M
07:00 PM
US
FOMC Minutes
Thursday November 26 2020 Actual Previous Consensus Forecast
01:00 AM
KR
Interest Rate Decision 0.5% 0.5% 0.5% 0.50%
07:00 AM
DE
GfK Consumer Confidence DEC -6.7 -3.2 ® -5 -2
07:45 AM
FR
Consumer Confidence NOV 90 94 92 91
08:30 AM
SE
Riksbank Rate Decision 0% 0% 0% 0%
08:30 AM
SE
Monetary Policy Report
11:00 AM
TR
MPC Meeting Summary
12:00 PM
MX
GDP Growth Rate YoY Final Q3 -8.6% -18.7% -8.6% -8.6%
12:00 PM
MX
GDP Growth Rate QoQ Final Q3 12.1% -17% ® 12% 12%
12:30 PM
EA
ECB Monetary Policy Meeting Accounts
03:00 PM
MX
Monetary Policy Meeting Minutes
Friday November 27 2020 Actual Previous Consensus Forecast
06:00 AM
FI
GDP Growth Rate YoY Final Q3 -2.7% -6.2% ® -5.7%
06:00 AM
FI
GDP Growth Rate QoQ Final Q3 3.3% -3.9% ® 1.5%
07:30 AM
TR
CBRT Financial Stability Report
07:45 AM
FR
GDP Growth Rate QoQ Final Q3 18.7% -13.8% ® 18.2% 18.2%
07:45 AM
FR
Inflation Rate YoY Prel NOV 0.2% 0% 0.1% 0.1%
08:10 AM
DE
Bundesbank Weidmann Speech
08:30 AM
SE
GDP Growth Rate QoQ Final Q3 4.9% -8.0% ® 4.4% 4.3%
09:00 AM
IT
Business Confidence NOV 90.2 94.7 ® 93.5 93.6
09:00 AM
IT
Consumer Confidence NOV 98.1 101.7 ® 99 100.5
09:00 AM
TW
GDP Growth Rate YoY Final Q3 3.92% -0.58% 3.33%
10:00 AM
EA
Consumer Confidence Final NOV -17.6 -15.5 -17.6 -17.6
10:00 AM
EA
Economic Sentiment NOV 87.6 91.1 ® 86.5 86.5
11:55 AM
ES
Business Confidence NOV -7.7 -9.2 -10
12:00 PM
BR
Unemployment Rate SEP 14.6% 14.4% 14.9% 14.7%
12:00 PM
CL
Unemployment Rate OCT 11.6% 12.3% 12.2%
12:00 PM
DE
Bundesbank Balz Speech
12:00 PM
IN
GDP Growth Rate YoY Q3 -7.5% -23.9% -8.8% -10%
12:00 PM
MX
Balance of Trade OCT $6.224B $4.385B $3.575B $4B
06:00 PM
CO
Interest Rate Decision 1.75% 1.75% 1.75% 1.75%
Sunday November 29 2020 Actual Previous Consensus Forecast
11:50 PM
JP
Retail Sales YoY OCT 6.4% -8.7% -8.5%
11:50 PM
JP
Industrial Production MoM Prel OCT 3.8% 3.9% 1.5%
Monday November 30 2020 Actual Previous Consensus Forecast
01:00 AM
CN
NBS Manufacturing PMI NOV 52.1 51.4 51.5 51
01:00 AM
CN
NBS Non Manufacturing PMI NOV 56.4 56.2 55.7
05:00 AM
JP
Housing Starts YoY OCT -8.3% -9.9% -9.3% -9%
07:00 AM
DK
Unemployment Rate OCT 4.6% 4.8% 4.9%
07:00 AM
TR
Balance of Trade OCT $-2.37B $-4.85B ® $-1.6B
07:00 AM
TR
GDP Growth Rate YoY Q3 6.7% -9.9% 4.8% 4.7%
07:00 AM
TR
GDP Growth Rate QoQ Q3 15.6% -10.8% ® 12.5%
07:30 AM
CH
Retail Sales YoY OCT 3.1% 0.4% ® 1%
08:00 AM
CH
KOF Leading Indicators NOV 103.5 106.3 ® 101 101.5
09:00 AM
PL
GDP Growth Rate YoY Final Q3 -1.5% -8.4% ® -1.6% -1.6%
09:00 AM
PL
GDP Growth Rate QoQ Final Q3 7.9% -9% ® 7.7% 7.7%
09:30 AM
GB
Mortgage Lending OCT £4.3B £4.9B ® £4.455B £4.3B
09:30 AM
GB
Mortgage Approvals OCT 97.5K 92.1K ® 84.486K 84.5K
09:30 AM
GB
BoE Consumer Credit OCT £-0.6B £-0.63B ® £0.5B
09:40 AM
DE
Bundesbank Balz Speech
10:00 AM
IT
Inflation Rate YoY Prel NOV -0.2% -0.3% -0.3%
10:30 AM
EA
ECB President Lagarde Speech
11:30 AM
BR
BCB Focus Market Readout
12:00 PM
ZA
Balance of Trade OCT ZAR36.13B ZAR33.4B ® ZAR 40B
01:00 PM
DE
Inflation Rate YoY Prel NOV -0.3% -0.2% -0.1% -0.1%
01:30 PM
CA
Current Account Q3 C$-7.5B C$-7B ® C$-9.1B C$-10B
02:00 PM
IL
Interest Rate Decision 0.1% 0.1% 0.1% 0.1%
02:30 PM
GB
BoE Tenreyro Speech
02:45 PM
US
Chicago PMI NOV 58.2 61.1 59 58.5
03:00 PM
US
Pending Home Sales YoY OCT 20.2% 20.8% ® 18.1%
03:00 PM
US
Pending Home Sales MoM OCT -1.1% -2% ® 1% 1%
03:30 PM
US
Dallas Fed Manufacturing Index NOV 12 19.8 7
04:00 PM
CO
Unemployment Rate OCT 14.7% 15.8% 15.5%
09:30 PM
AU
Ai Group Manufacturing Index NOV 52.1 56.3 56.5
10:00 PM
AU
Markit Manufacturing PMI Final NOV 55.8 54.2 56.1
11:00 PM
KR
GDP Growth Rate YoY Final Q3 -1.1% -2.7% -1.3% -1.3%
11:00 PM
KR
GDP Growth Rate QoQ Final Q3 2.1% -3.2% 1.9% 1.9%
11:30 PM
JP
Unemployment Rate OCT 3.1% 3% 3.1% 2.9%
SA
OPEC+ Meeting
EA
Eurogroup Video Conference
Tuesday December 01 2020 Actual Previous Consensus Forecast
12:00 AM
KR
Exports YoY NOV 4% -3.8% 6.8%
12:00 AM
KR
Balance of Trade NOV $5.93B $5.8B ® $6.1B
12:30 AM
AU
Building Permits MoM Prel OCT 3.8% 16.2% ® -3% -2.8%
12:30 AM
JP
Jibun Bank Manufacturing PMI Final NOV 49 48.7 48.3 48.3
12:30 AM
KR
Markit Manufacturing PMI NOV 52.9 51.2 50.9
01:45 AM
CN
Caixin Manufacturing PMI NOV 54.9 53.6 53.5 53.2
03:30 AM
AU
RBA Interest Rate Decision 0.1% 0.1% 0.10% 0.10%
04:00 AM
ID
Inflation Rate YoY NOV 1.59% 1.44% 1.53% 1.6%
05:00 AM
IN
Markit Manufacturing PMI NOV 56.3 58.9 57.3 57
06:00 AM
RU
Markit Manufacturing PMI NOV 46.3 46.9 42.6
06:45 AM
CH
GDP Growth Rate YoY Q3 -1.6% -7.8% ® -3.3% -3.4%
06:45 AM
CH
GDP Growth Rate QoQ Q3 7.2% -7% ® 5.9% 6.5%
07:00 AM
DE
Unemployment Rate Harmonised OCT 4.5% 4.5% 4.6%
07:00 AM
GB
Nationwide Housing Prices YoY NOV 6.5% 5.8% 5.5% 6.2%
07:00 AM
GB
Nationwide Housing Prices MoM NOV 0.9% 0.8% 0.3% 0.4%
08:15 AM
ES
Markit Manufacturing PMI NOV 49.8 52.5 50.5 50.5
08:30 AM
CH
procure.ch Manufacturing PMI NOV 55.2 52.3 51.3 51.8
08:45 AM
IT
IHS Markit Manufacturing PMI NOV 51.5 53.8 52 52.2
08:50 AM
FR
Markit Manufacturing PMI Final NOV 49.6 51.3 49.1 49.1
08:55 AM
DE
Unemployment Change NOV -39K -38K ® 8K 12K
08:55 AM
DE
Unemployment Rate NOV 6.1% 6.2% 6.3% 6.3%
08:55 AM
DE
Markit Manufacturing PMI Final NOV 57.8 58.2 57.9 57.9
09:00 AM
EA
Markit Manufacturing PMI Final NOV 53.8 54.8 53.6 53.6
09:00 AM
IT
GDP Growth Rate YoY Final Q3 -5% -18% ® -4.7% -4.7%
09:00 AM
IT
GDP Growth Rate QoQ Final Q3 15.9% -13% 16.1% 16.1%
09:00 AM
ZA
ABSA Manufacturing PMI NOV 52.6 60.9 59.7
09:30 AM
AT
Unemployment Rate NOV 9.5% 8.7% 9%
09:30 AM
GB
Markit/CIPS Manufacturing PMI Final NOV 55.6 53.7 55.2 55.2
10:00 AM
EA
Core Inflation Rate YoY Flash NOV 0.2% 0.2% 0.2% 0.2%
10:00 AM
EA
Inflation Rate YoY Flash NOV -0.3% -0.3% -0.2% -0.2%
10:00 AM
EA
Inflation Rate MoM Flash NOV -0.3% 0.2% -0.2%
12:00 PM
MX
Business Confidence NOV 42.4 41.6 ® 41.3
01:30 PM
CA
GDP MoM SEP 0.8% 0.9% ® 0.9% 0.7%
01:30 PM
CA
GDP Growth Rate Annualized Q3 40.5% -38.1% ® 47.6% 46%
01:30 PM
CA
GDP Growth Rate QoQ Q3 8.9% -11.3% ® 10%
02:30 PM
CA
Markit Manufacturing PMI NOV 55.8 55.5 55.3
02:45 PM
US
Markit Manufacturing PMI Final NOV 56.7 53.4 56.7 56.7
03:00 PM
US
ISM Manufacturing Employment NOV 48.4 53.2 51
03:00 PM
US
ISM Manufacturing New Orders NOV 65.1 67.9 65
03:00 PM
US
ISM Manufacturing Prices NOV 65.4 65.5 65 64
03:00 PM
US
Fed Chair Powell Testimony
03:00 PM
US
ISM Manufacturing PMI NOV 57.5 59.3 58 57
03:00 PM
US
Construction Spending MoM OCT 1.3% -0.5% 0.8% 0.7%
04:00 PM
DE
Bundesbank Mauderer Speech
05:00 PM
EA
ECB President Lagarde Speech
05:00 PM
US
Fed Brainard Speech
06:00 PM
BR
Balance of Trade NOV $3.73B $5.47B ® $4.789B $5.3B
06:15 PM
US
Fed Daly Speech
08:00 PM
US
Fed Evans Speech
09:30 PM
US
API Crude Oil Stock Change 27/NOV 4.1M 3.8M -2.272M
11:00 PM
KR
Inflation Rate YoY NOV 0.6% 0.1% 0.9% 1%
SA
OPEC and non-OPEC Ministerial Meeting
EU
EcoFin Video Conference
Wednesday December 02 2020 Actual Previous Consensus Forecast
12:00 AM
AU
RBA Gov Lowe Speech
12:00 AM
US
Total Vehicle Sales NOV 15.55M 16.2M
12:30 AM
AU
GDP Growth Rate YoY Q3 -3.8% -6.4% ® -4.4% -4.7%
12:30 AM
AU
GDP Growth Rate QoQ Q3 3.3% -7% 2.6% 2.4%
01:30 AM
JP
BoJ Amamiya Speech
05:00 AM
JP
Consumer Confidence NOV 33.7 33.6 33
07:00 AM
DE
Retail Sales MoM OCT 2.6% -2.2% ® 1.2% 0.8%
07:00 AM
DE
Retail Sales YoY OCT 8.2% 7% ® 5.9% 6%
07:00 AM
RO
Unemployment Rate OCT 5.3% 5.1% ® 5.3%
07:30 AM
CH
Inflation Rate YoY NOV -0.7% -0.6% -0.5% -0.6%
08:00 AM
ES
Unemployment Change NOV 25.3K 49.6K 25K
09:00 AM
IT
Unemployment Rate OCT 9.8% 9.7% ® 9.9% 9.8%
09:30 AM
GB
BoE FPC Meeting
10:00 AM
EA
Unemployment Rate OCT 8.4% 8.5% ® 8.4% 8.5%
11:00 AM
IE
Unemployment Rate NOV 7.5% 7.2% ®
12:00 PM
BR
Industrial Production MoM OCT 1.1% 2.8% ® 1.4% 1.9%
01:15 PM
US
ADP Employment Change NOV 307K 404K ® 410K 370K
02:00 PM
US
Fed Williams Speech
02:00 PM
US
Fed Quarles Speech
03:00 PM
US
Fed Chair Powell Testimony
03:00 PM
US
Fed Harker Speech
03:15 PM
PL
Interest Rate Decision 0.1% 0.1% 0.1% 0.1%
03:30 PM
US
EIA Gasoline Stocks Change 27/NOV 3.491M 2.18M 2.386M
03:30 PM
US
EIA Crude Oil Stocks Change 27/NOV -0.679M -0.754M -2.358M
03:30 PM
US
EIA Distillate Stocks Change 27/NOV 3.238M -1.441M -0.209M
03:30 PM
US
EIA Cushing Crude Oil Stocks Change 27/NOV -0.317M -1.721M
06:00 PM
US
Fed Williams Speech
10:00 PM
AU
Markit Services PMI Final NOV 55.1 53.7 54.9
SA
OPEC+ Informal Meeting
EA
ECB Non-Monetary Policy Meeting
Thursday December 03 2020 Actual Previous Consensus Forecast
12:30 AM
AU
Balance of Trade OCT A$7.456B A$5.815B ® A$5.8B A$5.2B
12:30 AM
AU
Investment Lending for Homes OCT 0.3% 5.2% 2.5%
12:30 AM
AU
Home Loans MoM OCT 0.8% 6.0% 3%
12:30 AM
JP
Jibun Bank Services PMI Final NOV 47.8 47.7 46.7 46.7
01:30 AM
JP
BoJ Suzuki Speech
01:45 AM
CN
Caixin Services PMI NOV 57.8 56.8 56.4
04:00 AM
PH
Unemployment Rate Q4 8.7% 10% 6%
07:00 AM
TR
Inflation Rate YoY NOV 14.03% 11.89% 12.6% 12.4%
08:15 AM
ES
Markit Services PMI NOV 39.5 41.4 36.6 37
08:45 AM
IT
IHS Markit Services PMI NOV 39.4 46.7 41.3 41