Sunday, November 7, 2010

Economic Calendar - 7 November 2010

Here's the Economic Calendar for the week commencing the 7th of November 2010. This week is a China week, there's the monthly trade data for October, and the usual suite of CPI, retail sales, industrial production, fixed asset investment, and property prices. Other than that the big ones will be EU Q3 GDP, trade balances and industrial production data from a few countries, and the G-20 Summit in Seoul.

(More commentary follows the table)

Day GMT Country/
Event Forecast Previous
MON 07:00 EUR German Exports s.a. (MoM) (SEP) 1.5% -0.4%
MON 07:00 EUR German Imports s.a. (MoM) (SEP) 1.0% 0.9%
MON 07:00 EUR German Current Account (euros) (SEP) 9.0B 4.6B
MON 07:00 EUR German Trade Balance (euros) (SEP) 12.0B 9.0B
MON 11:00 NZD QV House Prices (YoY) (OCT)
MON 11:00 EUR German Industrial Production (YoY) (SEP) 9.5% 10.7%
MON 23:50 JPY Current Account Total (Yen) (SEP) ¥1684.3B ¥1114.2B
TUE 07:00 EUR German Consumer Price Index (YoY) (OCT) 1.3% 1.3%
TUE 09:30 GBP Total Trade Balance (Pounds) (SEP) -£4500 -£4643
TUE 09:30 GBP Industrial Production (YoY) (SEP) 3.6% 4.2%
TUE 12:30 USD NFIB Small Business Optimism (OCT)
TUE 15:00 USD Wholesale Inventories (SEP) 0.6% 0.8%
TUE 20:00 NZD RBNZ Financial Stability Report

TUE 20:00 AUD RBA Financial Stability Report

TUE 22:00 USD ABC Consumer Confidence (NOV 7)

CNY Trade Balance (USD) (OCT) 25.50B $16.88B
CNY Exports (YoY) (OCT) 23.0% 25.1%
CNY Imports (YoY) (OCT) 28.1% 24.1%
WED 05:00 JPY Consumer Confidence (OCT) 40.8 41.4
WED 07:45 EUR French Industrial Production (YoY) (SEP) 4.7% 3.2%
WED 09:00 EUR Italian Industrial Production (YoY) (SEP) 7.0% 9.5%
WED 10:30 GBP Bank of England Quarterly Inflation Report

WED 13:30 CAD International Merchandise Trade (SEP) -1.5B -1.3B
WED 13:30 USD Trade Balance (SEP) -$45.0B -$46.3B
WED 13:30 USD Import Price Index (YoY) (OCT) 3.6% 3.5%
WED 19:00 USD Monthly Budget Statement (OCT) -$152.0B -$176.4B
WED 23:50 JPY Machine Orders (YoY) (SEP) 4.9% 24.1%
USD G20 Summit Held in Seoul, South Korea

WED 00:30 AUD Unemployment Rate (OCT) 5.0% 5.1%
WED 00:30 AUD Employment Change (OCT) 20.0K 49.5K
WED 02:00 CNY Consumer Price Index (YoY) (OCT) 4.0% 3.6%
WED 02:00 CNY Retail Sales (YoY) (OCT) 18.8% 18.8%
WED 02:00 CNY Industrial Production (YoY) (OCT) 13.5% 13.3%
WED 02:00 CNY Fixed Assets Inv Urban YTD YoY (OCT) 24.4% 24.5%
WED 02:00 CNY Producer Price Index (YoY) (OCT) 4.5% 4.3%
THU 21:00 NZD REINZ Housing Price Index (MoM) (OCT)
CNY China Property Prices (OCT)
USD G20 Summit Held in Seoul, South Korea

THU 00:01 GBP Nationwide Consumer Confidence (OCT) 54 53
FRI 10:00 EUR Euro-Zone Industrial Production (YoY) (SEP)
FRI 10:00 EUR Euro-Zone Gross Domestic Product (QoQ)
FRI 10:00 EUR Euro-Zone Gross Domestic Product (YoY)
FRI 14:55 USD U. of Michigan Confidence (NOV P)

As noted China is the star of the week, with its monthly data dump. First up will be the export/import data for Oct; with imports projected to grow faster on an annual basis but for continued expansion in the trade surplus. Then later in the week there's the big release from the National Bureau of Statistics; the one to watch will be inflation, with consensus seeing a rise to 4% (which shouldn't surprise any of my regular readers). Industrial production will also be a key stat - with the PMI figures out last week pointing to a continued rebound. Then the following day has China Property Prices, which will be interesting to check in on.

Of course the other interesting bit out this week will be the GDP figures from the Euro Zone for the September quarter. Of course the report also shows the individual growth rates of the member nations, so this will be a pretty good check up for the EU. Another check point for the EU this week will be the industrial production figures (France, Italy, UK, Germany), and trade stats from Germany.

Speaking of trade and international flows, aside from Germany and China, Japan will release current account data, the UK will announce its trade deficit figures, and the US will also release the details of its September trade balance. Elsewhere, in the monetary policy realm, the Reserve Banks of New Zealand and Australia will release their financial stability reports; which will add insight into the financial systems of Australasia.

So as always, have a great week, watch out for surprises, and stay tuned for updates...

Forex Pros
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+various statistics websites and central bank websites for verification

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