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Monday, November 18, 2019

The Business News Week Ahead

A week capped on Friday with November flash PMIs will get rolling on Tuesday with industrial trends from the UK and manufacturing sales from Canada, where soft results reflecting weak global trade are the expectations. Trade data will be light in the week but will include the latest from Japan on Wednesday. Inflation data in contrast will be heavy beginning on Wednesday with producer prices out of Germany and consumer prices from Canada followed by Japanese consumer prices on Friday where Bank of Japan officials will be watching carefully for any sign of momentum. Business climate data from France will be posted on Thursday as will consumer confidence data from the Eurozone, here too subdued results are expected. The first of the major PMIs on Friday will be from Japan, then France, then Germany, then the Eurozone and little to no improvement with stagnant to contractionary scores, especially for manufacturing, the wide consensus. Should the bulk of the week's data come in as expected, a lifeless run into year-end would be the outlook for the global economy.

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