Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

November 9-15, 2024 – Currency Thoughts


Next Week’s Menu: November 9-15, 2024

November 8, 2024

Central Banks: The Bank of Mexico holds a scheduled policy review, and the Bank of Japan publishes a summary of its latest Board meeting. Fed Chairman Powell heads an extensive list of Fed officials with speaking engagements. Bank of England Governor Bailey, Reserve Bank of Australia Governor Bullock and ECB President Lagarde are some of the other central bank officials that will speak publicly next week.

Holidays and Events: Veterans Day in the United States and Armistice Day in France fall on Monday. British Chancellor of the Exchequer Reeves delivers the Mansion House Speech on Thursday.

Scheduled U.S. Data Releases: Consumer prices, producer prices, import prices, consumer price expectations, retail sales, industrial production, capacity utilization, the RCM/TIPP Optimism index, NFIB small business sentiment index, Empire State manufacturing survey, and the monthly fiscal deficit. Weekly jobless insurance claims, energy inventories, chain store sales, and mortgage applications.

Japanese and Chinese Releases: Japanese quarterly GDP and GDP deflator. Japanese monthly PPI, revised industrial production, capacity utilization, machine tool orders, economy watchers index, money growth, bank lending, current account, and tertiary index. Chinese CPI, PPI, foreign direct investment, money growth, new yuan bank  lending, retail sales, fixed asset investment, unemployment, and housing prices.

Selected Other Asian releases: GDP growth in Hong Kong and Malaysia. Indian CPI, WPI, and industrial production. Indonesia’s trade balance and consumer confidence. South Korean unemployment and Malaysia’s current account.

Euroland Releases: Quarterly GDP and employment. Monthly industrial production, ZEW index of investor expectations and Conference Board’s index of leading economic indicators.

Members of the Euro Area: Dutch, Finnish, Slovenian, Slovakian, and Slovenian GDP. German, Dutch, Portuguese, Spanish, French, Italian, Cypriot, and Croatian consumer prices. German and French indices of leading economic indicators. Dutch and Italian trade balances. German ZEW expectations index, current account and wholesale prices. Irish construction purchasing managers survey and industrial production.

U.K. and Switzerland: British quarterly and monthly GDP as well as monthly labor market statistics, construction output, trade balance, RICS hosing index and index of leading economic indicators. Swiss PPI and import prices.

Nordic Europe: Norwegian, Danish and Swedish consumer prices. Danish and Norwegian producer prices. Danish current account and Norway’s trade balance.

Eastern Europe: Romanian, Hungarian, Polish, Russian, and Bulgarian consumer prices. Russian, Romanian, Bulgarian  and Polish GDP. Hungarian and Romanian industrial production. Czech consumer confidence and Poland’s current account.

Australia and New Zealand: Australian quarterly labor costs and monthly consumer confidence, unemployment, employment, business confidence and conditions, and index of leading economic indicators. New Zealand food prices and manufacturing purchasing managers survey.

Turkey and South Africa: Turkish CPI, industrial production, retail sales and current account. South African factory output.

Canada, Mexico and Brazil: Canadian manufacturing sales, orders and inventories and building permits. Mexican consumer confidence and industrial production. Brazilian retail sales and index of leading economic indicators.

Copyright 2024, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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