Macro Data Impacting Asia Nov 9 - 13

12 Nov

Macro Data Impacting Asia Nov 9 - 13

Asian Markets opened higher on the news of Biden and Harris winning the US presidential election and US futures remain strong.  There is going to be a lot written on the prospects for policy under the new government but we still have some weeks before Biden is installed and the gives plenty of time for Trump to cause upset if he wants.   In the meantime Earnings season is winding down but there are still some key names to report.
This week there are also a number of Central Bank speakers and the expectation is for more calls for fisal policy to assist monetary policy

Also Covid still overhangs the markets and many are warning that with the onset of winter we could see further rises in cases. Biden has put this as a priority on his agenda.
Lastly, for the superstitious Friday is the 13th.

Macro Data ahead
From Asia

Japan Tankan Index, Current Account, Bank Lending, Eco Watchers, Machine Tool and Machinery orders and PPI.
S Korea Unemployment, Export and Import Prices.
Taiwan Balance of Trade, Imports, Exports.
China Inflation and PPI we may also get October New Yuan Loans, Loan Growth, Total Social Financing, Vehicle Sales, FDI, and M2 money supply.
Hong Kong GDP Growth rate.

US data includes NFIB Small Business Survey, CPI, PPI and Consumer Sentiment along with a number of Fed speakers. Also remember Veteran’s Day Wednesday when Bond markets are closed.

Europe For the Eurozone there are a number fo ECB speakers and we also get ZEW sentiment, Economic bulletin, Industrial production, GDP growth rate, Employment data
From Germany; Trade data, inflation data, wholesale prices and ZEW sentiment data.
Franch Inflation
UK employment data, GDP growth, Business Investment, Industrial and Manufacturing production data.

Monday 9 November
Tankan Index, BoJ Summary of Opinions, Foreign Exchange Reserves, Leading Economic Indicators and Coincident Index.
S KOREA No data due
TAIWAN Balance of Trade, Exports, Imports.
CHINA No data due
HONG KONG No data due
EUROZONE No data due, Speeches from Lagarde and Mersch
GERMANY Balance of Trade, Imports, Exports, Current Account
FRANCE No data due
UK No data due BoE’s Haldane speaks
US Consumer Inflation Expectation. Speeches from Mester and Harker
Earnings include McDonald’s, SoftBank, Beyond Meat, Simon Property Group, Ambac Financial, Tilray, ZoomInfo, Occidental Petroleum, Myriad Genetics, Taubman Centers, International Flavors and Fragrances, Norwegian Cruise, Canopy Growth, Aurora Cannabis, Party City
Tuesday 10 November
JAPAN Current Account, Bank Lending, Eco Watchers Current and Outlook
S KOREA No data due
TAIWAN No data due
CHINA Inflation Rate and PPI
HONG KONG No data due
EUROZONE ZEW Economic Sentiment Index
GERMANY ZEW Economic Sentiment Index and Current Conditions
FRANCE Unemployment Rate, Industrial Production
UK Claimant Count Change, Employment Change, Average Earnings, Unemployment Rate
US NIFB Business Optimism, Redbook, JOLT’s Job Openings, IBD/TIPP Economic Optimism, WASDE Report, API Crude Oil Stocks Change. Speech by Brainard.
Earnings Include Lyft, Advance Auto Parts, Adidas, D.R. Horton, Rockwell Automation, CyberArk Software, Hain Celestial, Rackspace, Ashland, Rocket Cos

Wednesday 11 November 
JAPAN Machine Tool Orders
S KOREA Unemployment
TAIWAN No data due
CHINA No data due
HONG KONG No data due
EUROZONE Speeches by Lagarde, Guindos and Lane
GERMANY No data due
FRANCE No data due
UK No data due
US MBA 30 yr Mortgage Rate and Mortgage Applications. Veterans Day Bond Market Closed.
Earnings Include : Air Products, DouYu, Lemonade, Reynolds Consumer, Vroom, Fossil

Thursday 12 November
JAPAN Machinery Orders, PPI, Foreigners Stock and Bond purchases, Tertiary Industry Index.
S KOREA Export & Import Prices
TAIWAN No data due
CHINA No data due
HONG KONG No data due
EUROZONE Economic Bulletin, Industrial Production Speeches by Guindos, Panetta, Mersch, Schnabel and Lagarde.
GERMANY Inflation Rate Speech by Mauderer
FRANCE No data due
UK Balance of Trade, GDP, GDP Growth Rate, Industrial Production, Manufacturing Production, Business Investment, GDP 3 Mth Ave, Construction Output, Construction Orders, Labour Productivity, Goods Trade Balance. BoE Bailey speaks, NIESR Monthly GDP Tracker. Speech by Tenreyro and Bailey
US Inflation Rate, Core Inflation Rate, Initial Claims, 4 week Average Claims, Continuing Claims, EIA Oil Report, Monthly Budget Statement. Speech by Evans, Williams and Bullard.
Earnings Include Walt Disney, Palantir Technologies, Applied Materials, Beazer Homes, Cisco Systems, Siemens, Burberry, Brookfield Asset Management, Unity Software

Friday 13 November
JAPAN No data due
S KOREA No data due
TAIWAN No data due
CHINA No data due but could get Vehicle Sales, FDI (YTD), New Yuan Loans, Outstanding Loan Growth, Total Social Financing, M2 Money Supply
EUROZONE GDP Growth Rate, Balance of Trade, Employment Change
GERMANY Wholesale Prices
FRANCE Inflation Rate
UK No data due BoE Bailey speaks
US  PPI, Core PPI, Michigan Prelim Data (Current Conditions, Inflation Expectations, 5 year Inflation Expectations, Consumer Sentiment, Consumer Expectations) EIA Gas Stock Report, Baker Hughes Total Oil Rig Report.
Earnings include Manchester United, Draftkings, Vipshop

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