Here's the Economic Calendar for the week commencing the 14th of November 2010. This week there's Japan Q3 GDP, with consensus picking a small acceleration from Q2. There's also meeting minutes due out from the BoE and RBA, which will be interesting in light of their recent decisions. Of course there's also a line up of inflation stats from the US, UK, and EU, as well as industrial production and retail sales stats.
(More commentary follows the table)
|SUN||21:45||NZD||Retail Sales (MoM) (SEP)||1.10%||0.00%|
|SUN||23:50||JPY||Gross Domestic Product Annualized (3Q P)||2.50%||1.50%|
|SUN||23:50||JPY||Gross Domestic Product (QoQ) (3Q P)||0.60%||0.40%|
|SUN||23:50||JPY||Gross Domestic Product Deflator (YoY) (3Q P)||-1.50%||-1.70%|
|SUN||04:30||JPY||Industrial Production (MoM) (SEP F)||-1.90%|
|SUN||04:30||JPY||Industrial Production (YoY) (SEP F)|
|MON||10:00||EUR||Euro-Zone Trade Balance s.a. (euros) (SEP)||1.0B||-1.4B|
|MON||10:00||EUR||Euro-Zone Trade Balance (euros) (SEP)||0.1B||-4.3B|
|MON||13:30||USD||Advance Retail Sales (OCT)||0.70%||0.60%|
|MON||13:30||USD||Retail Sales Less Autos (OCT)||0.40%||0.40%|
|MON||13:30||USD||Retail Sales Excluding Auto & Gas (OCT)||0.30%||0.40%|
|MON||CNY||Actual FDI (YoY) (OCT)||10.40%||6.10%|
|MON||00:30||AUD||Reserve Bank's Board November Minutes (NOV 15)|
|MON||02:00||CNY||China September Leading Economic Index|
|TUE||09:30||GBP||Consumer Price Index (MoM) (OCT)||0.20%||0.00%|
|TUE||09:30||GBP||Consumer Price Index (YoY) (OCT)||3.10%||3.10%|
|TUE||09:30||GBP||Core Consumer Price Index (YoY) (OCT)||2.60%||2.70%|
|TUE||09:30||GBP||Retail Price Index (YoY) (OCT)||4.60%||4.60%|
|TUE||10:00||EUR||Euro-Zone Consumer Price Index (YoY) (OCT F)||1.90%|
|TUE||10:00||EUR||Euro-Zone Consumer Price Index (MoM) (OCT)||0.30%||0.20%|
|TUE||13:30||USD||Producer Price Index (MoM) (OCT)||0.80%||0.40%|
|TUE||13:30||USD||Producer Price Index Ex Food & Energy (YoY) (OCT)||2.10%||1.60%|
|TUE||14:15||USD||Industrial Production (OCT)||0.30%||-0.20%|
|TUE||14:15||USD||Capacity Utilization (OCT)||74.90%||74.70%|
|TUE||01:30||USD||Housing Starts (OCT)||-1.60%||0.30%|
|WED||09:30||GBP||Bank of England Minutes (NOV)|
|WED||09:30||GBP||Jobless Claims Change (OCT)||6.0K||5.3K|
|WED||13:30||USD||Consumer Price Index (YoY) (OCT)||1.10%|
|WED||13:30||USD||Consumer Price Index (MoM) (OCT)||0.30%||0.10%|
|WED||13:30||USD||Consumer Price Index Ex Food & Energy (MoM)||0.10%||0.00%|
|WED||13:30||USD||Consumer Price Index Ex Food & Energy (YoY)||0.70%||0.80%|
|WED||13:30||USD||Housing Starts (OCT) MOM%||600K||610K|
|WED||13:30||USD||Building Permits (OCT)||570K||539K|
|WED||21:45||NZD||Producer Prices- Inputs (QoQ) (3Q)||0.30%|
|WED||21:45||NZD||Producer Prices- Outputs (QoQ) (3Q)||0.60%|
|THU||09:30||GBP||Retail Sales (YoY) (OCT)||1.50%||1.80%|
|THU||09:30||GBP||Retail Sales with Auto Fuel (YoY) (OCT)||0.00%||0.50%|
|THU||10:00||EUR||Euro-Zone Current Account n.s.a. (euros) (SEP)||-10.5B|
|THU||10:00||EUR||Euro-Zone Current Account s.a. (euros) (SEP)||-7.5B|
|THU||23:50||JPY||Bank of Japan Meeting of the Minutes (OCT)|
|FRI||10:15||USD||Bernanke Speaks at ECB Conference in Frankfurt|
As mentioned, Japan is set to announce its September quarter GDP stats, with the market picking a positive number (after Q2 saw a negative nominal number - made positive only after factoring in deflation!). Consensus sees Q3 GDP rising 0.60% from Q2, vs 0.40% in Q2 from Q1. But overall it will be a good opportunity to check in on the worlds 3rd largest economy.
Sticking with Japan, the Bank of Japan joins the Reserve Bank of Australia, and Bank of England, in releasing its monetary policy meeting minutes. All three will be relatively interesting; Japan's last meeting was held just after the Fed announced QEII, the RBA surprised the market with its rate hike after communicating a different message, and the BoE held fire on any adjustments to its asset purchase program - so we will watch these with great interest.
On a similar topic, a key feature of this week will be the inflation data releases. There's the UK with its October CPI and RPI, the EU with October CPI, ditto the US; and the US also has PPI and capacity utilisation stats out. So it will be a great chance to see if these developed nations are seeing any trends like the Chinese with their rapidly accelerating inflation.
Other key data releases this week include industrial production stats from Japan and the US. Foreign direct investment and the leading economic index from China. And US housing starts for the October month. There's also the banking conference on Friday which will be hosted by the ECB.
So as always, have a great week, watch out for surprises, and stay tuned for updates...
+various statistics websites and central bank websites for verification
Disclosure: "No positions"