Economic Events Of The Coming Week – 11/30/2015

Monday: Preliminary October Industrial Production data will be released in Japan – analyst consensus has it that the Year over Year contraction in the print will deteriorate from -0.8% to -0.9%. In Italy and Germany preliminary data on November’s Consumer Price Index will see light In the U.S., Chicago’s November Purchasing Managers’ Index will see light.

Tuesday: Q3 Capital spending data will be released in Japan. November’s Manufacturing Purchasing Managers’ Index will be released in China, followed by numerous manufacturing PMIs globally.  The U.S. Markit Manufacturing PMI, namely, will be rather interesting given the forthcoming Fed announcement. October Unemployment data for the Eurozone is scheduled to see light, as will several GDP figures globally.

Wednesday: November’s Unemployment data will see light in Spain. It will be followed by November’s Consumer Price Index estimate for the Eurozone – analysts see a substantial improvement at the headline figure, going from 0.1% to 0.3%. In the U.S., the weekly MBA Mortgage Applications will see light. November’s ADP Employment Change will be released in the U.S., giving a VERY interesting preview on Friday’s Nonfarm. The Bank of Canada is also scheduled to make a rate announcement.

Thursday: The European Central Bank is due to make a rate announcement. Many analysts expect the bank to slash the deposit rate further into negative territory, as well as expand its Asset Purchase Program. In the U.S., the weekly Initial Jobless Claims will see light, followed by Factory Orders and Durable Goods Orders for October.

Friday: October Factory Orders data will see light in Germany. In Vienna an OPEC meeting is scheduled. In the U.S., November’s Nonfarm Payrolls will see light, marking the most important economic release in a long time. It will be followed by the U.S. Unemployment figure for Nov and October’s Trade Balance data.