Monday, October 21, 2019
The Business News Week Ahead
The week's theme is timely
data, capped on Thursday by October PMI flashes out of Japan and Europe. CBI
industrial trends out of the UK, also for October and which have been
struggling badly, will be posted on Tuesday. French business climate, in
contrast, has been holding up well and will lead Wednesday's session followed
by EC consumer confidence which, though soft, has been steady. Japanese PMI
flashes open Thursday's heavy run that will include European PMIs the most
important of which to watch will be German manufacturing, and whether and how
deep it continues to contract, and also German services and whether it
continues to be pulled under by manufacturing. The highlight on Thursday will
be a policy statement from the European Central Bank which is facing stagnation
in Europe yet may not cut its main policy rate. A central concern in the US is
weakness in business investment with capital goods data in the durable goods
report, also on Thursday, offering important updates. Germany winds up the week
with GfK consumer climate and Ifo business climate data on Friday.
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