Here's the Economic Calendar for the week commencing the 28th of November 2010. This week December starts! So the PMI data will start flowing with releases expected from China, Japan, the US, and the EU, among others. There's also some more GDP data out this week with Australia, Canada, and Switzerland announcing their Q3 results. In the US there's the S&P/Case-Shiller house price index, consumer confidence, nonfarm payrolls, and the Beige Book from the Fed.
(More commentary follows the table)
As noted it will be a big week for PMI (Purchasing Manager's Index) data releases. As can be seen in the table, results are due from the US, China, Japan, and throughout the EU. The results will provide a timely update, especially for the China and US results. I will be watching these two in particular very closely and will put out updates throughout the week. Consensus forecasts are picking a bit of an increase in China, and flat in the US, watch this space.
Australia will announce its 3rd quarter GDP result on Tuesday, with consensus picking slightly slower quarterly growth, and stronger year on year growth. Canada will also provide an update on its GDP results as will Switzerland and the wider EU. The EU is not expected to make an large revisions to its Q3 GDP results, but it will be worth a look, particularly on a country-by-country basis.
On the monetary policy front the European Central Bank meets on Thursday, and as usual the rate likely wont be moving, but it will be interesting to see what the ECB says given the rumblings in the EU sovereigns markets. As noted, the US Fed also releases the Beige book economic report this week, which will be interesting in light of the Fed's recent launch of QEII. Elsewhere in the world, Pakistan reviews rates on Monday, Thailand on Wednesday, and Indonesia on Friday; expecting only changes from Pakistan.
Apart from PMI, GDP, and monetary policy, some of the other interest data points out this week include: Japan industrial production (expected to slow), EU CPI and unemployment rate (expect little change), S&P Case-Shiller house price index (expect a monthly decline in Sep), US consumer confidence (expect an improvement), and of course US employment data for November with nonfarm payrolls expected to expand by a similar amount as October, and no change to the unemployment rate.
So as always, have a great week, watch out for surprises, and stay tuned for updates...
Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification
Article Source: http://www.econgrapher.com/28nov-calendar.html
(More commentary follows the table)
| Day | GMT | Country/ Currency | Event | Forecast | Previous |
| SUN | 21:45 | NZD | Trade Balance [New Zealand dollars] [OCT] | -400M | -532M |
| SUN | 21:45 | NZD | Exports [New Zealand dollars] [OCT] | 3.31B | 3.16B |
| SUN | 21:45 | NZD | Imports [New Zealand dollars] [OCT] | 3.78B | 3.69B |
| SUN | 23:50 | JPY | Retail Trade [YoY] [OCT] | 0.70% | 1.40% |
| SUN | 02:00 | NZD | NBNZ Business Confidence [NOV] | 23.70 | |
| MON | 10:00 | EUR | Euro-Zone Business Climate Indicator [NOV] | 1.05 | 0.98 |
| MON | 10:00 | EUR | Euro-Zone Consumer Confidence [NOV F] | -10.00 | -10.00 |
| MON | 10:00 | EUR | Euro-Zone Economic Confidence [NOV] | 105.00 | 104.10 |
| MON | 10:00 | EUR | Euro-Zone Industrial Confidence [NOV] | 2.00 | 0.00 |
| MON | 10:00 | EUR | Euro-Zone Services Confidence [NOV] | 9.00 | 8.00 |
| MON | 13:30 | CAD | Current Account [BoP] [Canadian dollar] [3Q] | -$15.2B | -$11.0B |
| MON | 23:30 | JPY | Jobless Rate [OCT] | 5.00% | 5.00% |
| MON | 23:50 | JPY | Industrial Production [MoM] [OCT P] | -3.20% | -1.60% |
| MON | 23:50 | JPY | Industrial Production [YoY] [OCT P] | 3.10% | 11.50% |
| MON | 00:30 | AUD | Current Account Balance [Australian Dollar] [3Q] | -6600M | -5640M |
| TUE | 05:00 | JPY | Housing Starts [YoY] [OCT] | 9.70% | 17.70% |
| TUE | 05:00 | JPY | Annualized Housing Starts [OCT] | 0.840M | 0.837M |
| TUE | 05:00 | JPY | Nomura/JMMA Manufacturing PMI [NOV] | 47.20 | |
| TUE | 08:55 | EUR | German Unemployment Change [NOV] | -20K | -3K |
| TUE | 10:00 | EUR | Euro-Zone CPI Estimate [YoY] [NOV] | 1.90% | 1.90% |
| TUE | 10:00 | EUR | Euro-Zone Unemployment Rate [OCT] | 10.10% | 10.10% |
| TUE | 11:00 | EUR | Italian Unemployment Rate s.a. [OCT] | 8.40% | 8.30% |
| TUE | 13:30 | CAD | Gross Domestic Product [MoM] [SEP] [SEP] | 0.10% | 0.30% |
| TUE | 13:30 | CAD | Quarterly GDP Annualized [3Q] | 1.50% | 2.00% |
| TUE | 14:00 | USD | S&P/Case-Shiller Composite-20 [YoY] [SEP] | 1.00% | 1.70% |
| TUE | 14:00 | USD | S&P/Case-Shiller US Home Price Index [YoY] | 3.60% | |
| TUE | 14:00 | USD | S&P/Case-Shiller 20 City [MoM] s.a. [SEP] | -0.40% | -0.28% |
| TUE | 15:00 | USD | Consumer Confidence [NOV] | 52.70 | 50.20 |
| TUE | 00:30 | AUD | Gross Domestic Product [QoQ] [3Q] | 0.50% | 1.20% |
| TUE | 00:30 | AUD | Gross Domestic Product [YoY] [3Q] | 3.40% | 3.30% |
| TUE | 01:00 | CNY | PMI Manufacturing [NOV] | 54.80 | 54.70 |
| TUE | 02:00 | NZD | ANZ Commodity Price [NOV] | 2.90% | |
| TUE | 02:30 | CNY | HSBC Manufacturing PMI [NOV] | 55.40 | 54.80 |
| WED | 07:00 | GBP | Nationwide House Prices n.s.a. [YoY] [NOV] | 1.40% | |
| WED | 07:00 | GBP | Nationwide House Prices s.a. [MoM] [NOV] | -0.40% | -0.70% |
| WED | 08:45 | EUR | Italian PMI Manufacturing [NOV] | 53.10 | 53.00 |
| WED | 08:50 | EUR | French PMI Manufacturing [NOV F] | 57.50 | 57.50 |
| WED | 08:55 | EUR | German PMI Manufacturing [NOV F] | 58.90 | 58.90 |
| WED | 09:00 | EUR | Euro-Zone PMI Manufacturing [NOV F] | 55.50 | 55.50 |
| WED | 09:30 | GBP | Purchasing Manager Index Manufacturing [NOV] | 54.70 | 54.90 |
| WED | 13:30 | USD | Non-Farm Productivity [3Q] F | 2.30% | 1.90% |
| WED | 13:30 | USD | Unit Labor Costs [3Q F] [3Q] F | -0.20% | -0.10% |
| WED | 15:00 | USD | ISM Manufacturing [NOV] | 56.50 | 56.90 |
| WED | 15:00 | USD | Construction Spending [MoM] [OCT] | -0.40% | 0.50% |
| WED | 19:00 | USD | Fed's Beige Book [DEC] | ||
| WED | 00:30 | AUD | Trade Balance [Australian dollar] [OCT] | 2000M | 1760M |
| WED | 00:30 | AUD | Retail Sales s.a. [MoM] [OCT] | 0.40% | 0.30% |
| THU | 06:45 | CHF | Gross Domestic Product [YoY] [3Q] | 3.10% | 3.40% |
| THU | 06:45 | CHF | Gross Domestic Product [QoQ] [3Q] | 0.50% | 0.90% |
| THU | 08:15 | CHF | Retail Sales [Real] [YoY] [OCT] | 4.10% | |
| THU | 09:30 | GBP | Purchasing Manager Index Construction [NOV] | 51.30 | 51.60 |
| THU | 10:00 | EUR | Euro-Zone Gross Domestic Product [QoQ] [3Q] | 0.40% | 0.40% |
| THU | 10:00 | EUR | Euro-Zone Gross Domestic Product [YoY] [3Q] | 1.90% | 1.90% |
| THU | 10:00 | EUR | Euro-Zone Producer Price Index [MoM] [OCT] | 0.30% | 0.30% |
| THU | 10:00 | EUR | Euro-Zone Producer Price Index [YoY] [OCT] | 4.30% | 4.20% |
| THU | 12:45 | EUR | European Central Bank Rate Decision [DEC] | 1.00% | 1.00% |
| THU | 15:00 | USD | Pending Home Sales [MoM] [OCT] | -1.00% | -1.80% |
| THU | 15:00 | USD | Pending Home Sales [YoY] [OCT] | -24.90% | |
| THU | 01:00 | CNY | China Non-manufacturing PMI [NOV] | 60.50 | |
| THU | 02:30 | CNY | China HSBC Services PMI [NOV] | 56.40 | |
| FRI | 05:00 | EUR | German Retail Sales [MoM] [OCT] | 1.20% | -1.70% |
| FRI | 05:00 | EUR | German Retail Sales [YoY] [OCT] | 1.30% | 0.40% |
| FRI | 08:15 | CHF | Consumer Price Index [MoM] [NOV] | 0.10% | 0.50% |
| FRI | 08:15 | CHF | Consumer Price Index [YoY] [NOV] | 0.10% | 0.20% |
| FRI | 09:00 | EUR | Euro-Zone PMI Composite [NOV F] | 55.40 | 55.40 |
| FRI | 09:00 | EUR | Euro-Zone PMI Services [NOV F] | 55.20 | 55.20 |
| FRI | 10:00 | EUR | Euro-Zone Retail Sales [MoM] [OCT] | 0.20% | -0.20% |
| FRI | 10:00 | EUR | Euro-Zone Retail Sales [YoY] [OCT] | 1.00% | 1.30% |
| FRI | 12:00 | CAD | Net Change in Employment [NOV] | 20.0K | 3.0K |
| FRI | 12:00 | CAD | Unemployment Rate [NOV] | 7.90% | 7.90% |
| FRI | 13:30 | USD | Change in Private Payrolls [NOV] | 153K | 159K |
| FRI | 13:30 | USD | Change in Non-farm Payrolls [NOV] | 142K | 151K |
| FRI | 13:30 | USD | Unemployment Rate [NOV] | 9.60% | 9.60% |
| FRI | 15:00 | USD | ISM Non-Manufacutring Composite [NOV] | 54.70 | 54.30 |
| FRI | 15:00 | USD | Factory Orders [OCT] | -1.00% | 2.10% |
Australia will announce its 3rd quarter GDP result on Tuesday, with consensus picking slightly slower quarterly growth, and stronger year on year growth. Canada will also provide an update on its GDP results as will Switzerland and the wider EU. The EU is not expected to make an large revisions to its Q3 GDP results, but it will be worth a look, particularly on a country-by-country basis.
On the monetary policy front the European Central Bank meets on Thursday, and as usual the rate likely wont be moving, but it will be interesting to see what the ECB says given the rumblings in the EU sovereigns markets. As noted, the US Fed also releases the Beige book economic report this week, which will be interesting in light of the Fed's recent launch of QEII. Elsewhere in the world, Pakistan reviews rates on Monday, Thailand on Wednesday, and Indonesia on Friday; expecting only changes from Pakistan.
Apart from PMI, GDP, and monetary policy, some of the other interest data points out this week include: Japan industrial production (expected to slow), EU CPI and unemployment rate (expect little change), S&P Case-Shiller house price index (expect a monthly decline in Sep), US consumer confidence (expect an improvement), and of course US employment data for November with nonfarm payrolls expected to expand by a similar amount as October, and no change to the unemployment rate.
So as always, have a great week, watch out for surprises, and stay tuned for updates...
Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification
Article Source: http://www.econgrapher.com/28nov-calendar.html
