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The UK, US and the Eurozone in the week ahead

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  • US Producer Prices and Retail Sales
  • UK and Canadian CPI
  • Bank of England monetary policy hearings

Monday 14 November

It’s looking like a quieter week than we’ve recently experienced, at least as far as significant economic data releases are concerned. We kick off with the UK’s Rightmove House Price Index, Swiss Producer Prices Index (PPI), followed by Euro zone Industrial Production, and the UK’s CB Leading Index. There are speeches from Swiss National Bank Chairman Thomas Jordan, and FOMC members Lael Brainard, and John Williams. Finally, we have an update on Japanese GDP. Today’s earnings announcements include Tyson Foods, Tower Semiconductor, Advent Technology, and The Liberty SiriusXM Group.

Tuesday 15 November

Overnight we have the release of minutes from the Reserve Bank of Australia’s (RBA) last monetary policy meeting. These are unlikely to be contentious as the RBA rose rates by 25 basis points, as expected. But since then, there’s been an unexpectedly large jump in inflation as measured by Australia’s Consumer Price Index (CPI). So, these minutes will be out of date. From China we have Retail Sales, Fixed Asset Investment, Industrial Production, and the Unemployment Rate. From Japan we have Revised Industrial Production. Then we have a clutch of UK employment data including the Average Earnings Index, the Claimant Count, and Unemployment Rate. From the Euro zone we have the Employment Change, Flash GDP, the Trade Balance, and the ZEW Economic Sentiment Survey from both the Euro zone and Germany.  From the US we have the Empire State Manufacturing Index and yet another inflation update in the form of the Producer Prices Index (PPI). Key earnings reports come from Home Depot, Walmart, Manchester United, Marlin Tech, Krispy Kreme, Esports Entertainment, Allied Healthcare, and Digital Brands.


Wednesday 16 November

Overnight there’s the latest update on Australia’s Wage Price Index and then Japan’s Tertiary Industry Activity. Then we have UK CPI, PPI, and Retail Sales. As with most of the developed world, the UK is suffering from inflation, which is significantly above its central bank’s target rate, in this case by a factor of 5. Last month, headline CPI came in at 10.1% year-on-year, which was slightly above the prior month’s reading and equal to the record hit at the end of the summer. There are hopes that the latest release may indicate that inflation has peaked. Not only is inflation a nightmare for UK citizens, but it’s also a stark reminder of the continued ineptitude of the Bank of England (BoE). Talking of which, we have the BoE’s Monetary Policy Report Hearings. This is where the BoE Governor, Andrew Bailey, and several Monetary Policy Committee (MPC) members testify to the Treasury Committee on inflation and the UK’s economic outlook. Later, from Canada, we have a CPI update and a Financial System Review from the Bank of Canada. From the US we have Retail Sales, Import Prices, Capacity Utilisation, Industrial Production, Business Inventories, weekly Crude Oil Inventories, and TIC Long-Term Purchases. There’s also speeches from FOMC members John Williams, and Christopher Waller, along with G20 meetings. Major earnings reports come from TJX Companies, Shoe Carnival, Cisco, Sonos, Chase Corporation, and Lowe’s Companies.

Thursday 17 November

Overnight there’s Unemployment data from Australia, and then there’s Euro zone CPI. From the US there’s Weekly Unemployment Claims, the Philly Fed Manufacturing Index, Building Permits, and Housing Starts. A big day for earnings includes updates from Target, Ross Stores, Applied Materials, The Gap, Palo Alto Networks, Macy’s, and Spectrum Brands.

Friday 18 November

From the UK we have the GfK Consumer Confidence survey and Retail Sales. From Canada we have Foreign Securities Purchases and rounding off the week we have US Existing Home Sales, and the CB Leading Index. Corporate earnings include Foot Locker, and Blue Star Foods.

David Morrison is an Analyst with Trade Nation. Trade Nation was set up with the specific remit to help customers realise their trading goals by changing the way they engage with the financial markets. As well as providing full transparency and making sure all customers get a fair deal, Trade Nation is fully regulated. This means customers can be confident they’re getting the trading experience they deserve. Visit www.tradenation.com to find out more

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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