Monday is a busy start of a busy week, so let’s see which news releases stand out. I’m Louise McCauley with the Economic Calendar.
So the schedule starts early on 11:50 the previous evening with two news releases regarding the Japanese economy in October. One of them is the Preliminary Retail Sales, which came in much weaker than anticipated in September, partially reversing a point 8% gain the previous month.
Preliminary Industrial Production comes at the same time. Now, these figures surprised on the upside in September as output rebounded from a 1.2% drop in August.
New Zealand Business Confidence for November is out at midnight. The Index saw a strong improvement in October, having spent the last 4 months below zero.
Australian Private Sector Credit for October is released half an hour later. The loan portfolio continued to expand in September as both housing and personal credit went up.
Japanese Housing Starts for October are scheduled at 5 AM. September results missed estimates by a wide margin as growth decelerated from 8.8% a month ago.
Swiss KOF Economic Barometer for November will be available at 8. The Index dropped by half a point in October, but it remains close to its long-term average.
UK Mortgage Approvals for October follow at 9:30. The number of approvals slipped in September, having grown for the past 3 months.
Coming up next at 1 PM GMT is the closely watched German Preliminary CPI for November. The annual inflation inched slightly higher in October but falling energy prices remain the main drag.
US Pending Home Sales for October are out at 3. Sales have been declining for the past two months and now stand at their lowest level in 9 months.
The news flow gets light until half past 10 in the evening when the Australian Performance of Manufacturing Index for November is released. The Index lost 1.9 points in October but it still indicates a slight expansion in the manufacturing sector.
Australian Building Approvals for October will be available at half past midnight. Approvals grew more than anticipated in September, but not enough to reverse the 9.5% drop in August.
And a closely watched event for the Aussie Dollar traders concludes the schedule at 3:30, when the Reserve Bank of Australia will release its latest Monetary Policy Statement. The interest rate has stood unchanged for 7 months, so there have been speculations a rate cut could be in the works.
So these are the news releases to watch on Monday, the 30th of November. Check back in for the next overview of news publications for Tuesday. Goodbye.
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