There’s a lot of data out there this coming week and here’s what we are playing close attention too:
1. U.S. retail sales report
This wee the Commerce Department will publish data regarding November retail sales at 8:30AM EST Friday. The forecast will show more than likely that retail sales rose 0.3% last month, after gaining 0.1% in October. It’s also expected that Core sales will be forecast to increase 0.3%, after rising 0.2% a month earlier.
2. U.S. PPI data
In addition at 8:30AM ET on Friday, the U.S. is to release data on producer price inflation. It is estimated that Producer prices are expected to fall 0.1% in November, after declining 0.4% a month earlier. On the other hand, core prices are forecasted to inch up about 0.1%, following a 0.3% decline in October.
3. Chinese data
China is set to release November trade data during Asian trading hours on Tuesday. This report is expected to show that the country’s trade surplus widened to around $63.3 billion in November from $61.7 billion in October.
It should also show that Chinese exports for November will show a drop 5.0% from a year earlier, following a decline of 6.9% a month ago. However, imports are expected to slump 12.6%, after falling 18.8% in October.
4. Chinese CPI report
This coming Wednesday, China is set to publish reports on November consumer and producer price inflation. This data is expected to show that consumer prices rose 1.4% last month. This is compared to a reading of 1.3% in October. On the other hand producer prices are forecasted to fall by 5.9%, which would be the 43rd straight monthly decline.
5. Central bank meetings
This week the Bank of England will release its rate decision and all minutes of its Monetary Policy Committee meeting at 12:00PM London time, or 7:00AM EST, on Thursday.
Last month, the Monetary Policy Committee voted 8–1 to keep rates on hold at a record low 0.5%. Most market players expect the BOE to begin slowly raising interest rates in mid-2016.
This week Switzerland will also release the Swiss National Bank’s latest interest rate decision is due on Thursday at 8:30AM in London. Most economists expect no policy change from them.
The Reserve Bank of New Zealand is also expected to ease monetary policy for the fourth time this year when it meets this Wednesday. The consensus is that the RBNZ will announce a cut interest rates to around 2.5% from 2.75% when they meet