Macro Data Impacting Asia Nov 16 - 21


22 Nov

Key 
Asia 
Japan’s GDP data on Monday, Trade data on Wednesday and Inflation on Friday.
South Korea this week only PPI and Taiwan Export Orders and Current Account.
China Monday House Price Index, Fixed Assert Investment, Industrial Production, Retail Sales and Unemployment and then Prime Loan Rate on Friday

Europe 
Lots of Central Bank speakers. EU Inflation data, Current Account and Consumer Confidence. Germany only PPI. France no data this week.
UK Inflation, Retail Prices, PPI, Industrial Trends Orders and Consumer Confidence.

US 
Lots of Fed speakers. Data wise key will be Retail Sales, Industrial Production, Business Inventories, Housing Data and Initial Claims.

Trading
It is likely that we see continued choppy trading. Trump is still contesting the election results but it looks unlikely he will be able to overturn the presumed Biden victory, he can lower still issue executive orders and so far it appears that China is in his sights; another worry for Asian investors. On a wider scale investors and Asset Allocators are reviewing momentum vs value, potential for inflation, increased regulatory risks for the FAANG’s, the long +VE for vaccines vs short term risks of default and bankruptcy.


Monday 16 November
JAPAN 
GDP Data (Growth rate, Growth annualised, Price Index, Capex, External Demand and Private Consumption).  Later industrial Production, Capacity Utilisation and a speech from BoJ’s Masai.
S KOREA No data due
TAIWAN No data due
CHINA House Price Index, Fixed Assert Investment, Industrial Production, Retail Sales and Unemployment.
HONG KONG No data due
EUROZONE No data due Speeches from ECB’s Guindos, Lagarde and Mersch
GERMANY Bundesbank monthly report
FRANCE No data due
UK No data due Speech from BoE’s Haskel
US NY Empire State Manufacturing Index.  
Fed speakers Clarida and Daly
Earnings Vodafone, CasperSleep, Aecom, Tyson Foods, Palo Alto Networks, Baidu, SmileDirectClub

Tuesday 17 November
JAPAN 
No data due
S KOREA No data due
TAIWAN No data due
CHINA No data due
HONG KONG Unemployment Rate
EUROZONE No data due Speech from ECB’s Guindos & Lagarde
GERMANY No data due Speech from Bundesbank’s Balz
FRANCE No data due
UK No data due Speech BoE Gov Bailey and Ramsden
US Retail Sales, Export & Import Prices, Redbook, Industrial Production, Manufacturing Production, Capacity Utilisation, Business Inventories, NAHB Housing Market Index, Foreign Bond Investment, Overall Net Capital Flows, Net Long Term TIC flows API Crude Oil Stock Change.
Speeches from Feds Bostic, Daly and Williams
Earnings: Walmart, Home Depot, Kohl’s, La-Z-Boy, Aramark

Wednesday 18 November
JAPAN Balance of Trade, Exports, Imports
S KOREA No data due
TAIWAN No data due
CHINA No data due
HONG KONG No data due
EUROZONE New Car Registrations, Core Inflation Rate, Inflation Rate
GERMANY No data due Speech from Bundesbank’s Balz.
FRANCE No data due
UK Inflation Rate, Core Inflation Rate, Retail Price Index, PPI Output, PPI Core Output, PPI Input. Speech from BoE’s Haldane
US MBA Mortgage Applications and 30 yr Mortgage Rate, Housing Starts, Building Permits, EIA Oil Stocks Change Report.
Speeches from Fed’s Evans, Williams, Bullard and Bostic
Earnings: NVIDIA, Target, Lowe’s, TJX, L Brands, Copa Holdings, Shoe Carnival, Jack in the Box

Thursday 19 November
JAPAN No data due
S KOREA No data due
TAIWAN No data due
CHINA No data due
HONG KONG No data due
EUROZONE Current Account, Construction Output, Speech from ECB’s Lagarde
GERMANY No data due Speech from Bundesbank’s Mauderer, Buch and Wuermeling.
FRANCE No data due
UK CBI Industrial Trends Orders
US Philadelphia Did Manufacturing Index, Initial Claims, 4 week Ave Claims, Continuing Claims, Existing Home Sales, CB Leading Index, EIA Natural Gas Stock Change Report, Kansas Fed Manufacturing Report and 10yr TIPS Auction.
Speeches from Fed's Mester.
Earnings: BJ’s Wholesale, Macy’s, NetEase, Intuit, Ross Stores, Workday, Helmerich and Payne, BellRing Brands

Friday 20 November
JAPAN Inflation Rate, Inflation Rate Ex Food & Energy, Core Inflation Rate, Flash Manufacturing, Services and Composite PMI
S KOREA PPI
TAIWAN Export Orders, Current Account.
CHINA Loan Prime Rate 1yr and 5 yr
HONG KONG Inflation Rate
EUROZONE Consumer Confidence
GERMANY PPI, Speech from Bundesbank’s Weidmann
FRANCE No data due
UK Gfk Consumer Confidence
US Baker Hughes Total Rig Count
Earnings: Foot Locker, Buckle

Sunday 22 November
TAIWAN 
Consumer Confidence

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