Monday, November 4, 2019
The Business News Week Ahead
Big news kicks off on
Tuesday with the Reserve Bank of Australia, a bank that has been cutting rates
aggressively all year and where another cut, though not expected, would add to
the global wave of central-bank stimulus. Key economic data include German manufacturers'
orders on Wednesday which began their breakdown this time last year and German
industrial production on Thursday, where breakdown subsequently followed.
Eurozone retail sales on Wednesday and Japanese household spending on Friday
will offer regional updates on the consumer with Canada, after last week's Bank
of Canada decision not to cut rates, to post labour market data on Friday.
Other news to watch will be ISM non-manufacturing on Tuesday, in a US report
that broke down badly in September, and the Bank of England's announcement on
Thursday from a bank where Brexit uncertainty has limited policy scope. Chinese
trade data, which like US trade data have been in contraction for both imports
and exports, will be an early Friday highlight and if you're awake late Friday
US time, you can pick up Chinese CPI and PPI data that will be released
Saturday morning local time.
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