ECONOMIC DIARY, NOVEMBER 20 - 24
THIS week investors will concentrate on the announcement of the Monetary Policy Committee (MPC) of the Reserve Bank of their decision on interest rates this coming Thursday.
StatsSA will also release the latest inflation rate this Wednesday.
Globally, a lot of countries will release their Purchasing Managers Indices (PMIs) for services, manufacturing and composite as well as retail sales, inflation rates and unemployment data.
Domestically Wednesday, November 22:
StatsSA will release the latest inflation rate (October).
Thursday, November 23: The MPC of the Reserve Bank will announce its decision on interest rates.
Globally
Today: Japan: Balance of trade – October; Germany: PPI – October; Brazil: Economic activity index – September; Russia: Unemployment rate, and retail sales – October; US: CB lending index – October.
Tomorrow: Spain: Balance of trade – September; Hong Kong: Inflation rate – October; UK: Industrial
trends orders – October; Canada: Wholesale sales – September; US: Chicago Fed national activity index – October; Existing home sales – October; Argentina: Interest rate decision.
Wednesday, November 22: UK: BoE FPC meeting; Germany: 30-year bond auction; US: Crude oil stocks 17/November; Continuous (11/November) and initial jobless claims (18/November); Federal Open Market Commission minutes; EU: Consumer confidence flash – November; ECB Non-monetary meeting. Thursday, November 23:
Germany: GDP growth rate – Q3; France: Business confidence index, composite, manufacturing and services PMIs – November; Germany and the EU: Manufacturing, services and composite PMIs – November; UK: GDP growth rate estimates – November; Business investments – Q3; Canada: Retail sales – October.
Friday, November 24: Japan: Stock investment by foreigners – 16/ November; Coincident index – September; Germany: Business climate index – November; Italy: Industrial orders and sales – September; US: Composite, Services and manufacturing PMIs – November; France: Job seekers – October.