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

November 30-December 6,2024 – Currency Thoughts


This Week’s Menu: November 30-December 6,2024

November 30, 2024

Central Banks: Interest rate policies to be reviewed in India and Poland. Fed’s Beige Book of regional U.S. economic conditions will be published. Fed officials with speaking engagements in the period include Governor Waller, St. Louis District President Musalem, Richmond District President Barkin, NY District President Williams, Chicago District President Goolsbee, Cleveland District President Hammack, and San Francisco District President Daly. European Central Bank President Lagarde, Reserve Bank of New Zealand Governor Orr, Bank of England Governor Bailey, ECB Council member Capellone. and Bank of Japan Board member Nakamura also have public speaking engagements.

Special Event: Monthly meeting of OPEC oil ministers.

Various and Sundry Purchasing Manager Surveys: Over 65 of them, covering manufacturing, construction and service sector activities.

U.S. Data Releases: Construction spending, trade balance, factory orders, JOLTS jobs data, U. Michigan index of consumer sentiment, RCM/TIPP optimism index, ADP estimate of private employment growth, and November employment situation figures compiled by the Labor Dept. Weekly jobless insurance claims, mortgage applications, chain store sales and energy inventories.

Euroland Releases: Quarterly GDP and employment growth. Monthly producer prices, retail sales, Sentix gauge of investor sentiment, and the unemployment rate.

Members of the Euro Area: Italian, Slovakian, Irish, Lithuanian, Irish Cypriot, and Austrian GDP. German industrial orders, industrial production, and trade balance. Italian and Dutch retail sales. Portuguese, Estonian, Spanish and Latvian industrial production. French and Cypriot current accounts.

U.K. and Switzerland: British same store sales and the Halifax and Nationwide house price indices. Swiss CPI, unemployment and retail sales.

Eastern Europe: Romanian, Hungarian, Czech and Bulgarian retail sales. Bulgarian and Hungarian GDP. Romanian producer prices.

Nordic Europe: Swedish current account and Norwegian industrial production.

Japanese Releases: Household spending, average cash earnings, business investment, monetary base, and index of leading economic indicators.

Other Asia: Philipino, Indonesian and South Korean CPI. South Korea’s current account and Singapore retail sales.

Australia, South Africa and Turkey: Australian and South African GDP growth. Australian and Turkish trade balances. Australian retail sales and South African current account.

Canadian Releases: Quarterly productivity and unit labor costs. Monthly labor market statistics, IVEY-PMI survey, and the trade balance.

Mexico and Brazil: Mexican unemployment and business confidence. Brazilian GDP and trade balance.

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

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