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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