Weekly Outlook: Nov 20 - Nov 24

Monday

Asia: the Japanese trade balance figures for October will be out as of 23:50 GMT on Sunday. Exports are seen growing 14.9 percent last month.

Europe: Germany’s producer price index for October is due for release at 07:00 GMT, with a 0.1 percent build eyed.

Tuesday

Europe: UK CBI industrial trends orders will be out by 11:00 GMT.

United States: existing home sales for October are due at 15:00 GMT. Analysts are forecasting an increase to an annualized rate of 5.42 million units from a prior month 5.39 million units.

Wednesday

United States: durable goods orders for October will be released as of 13:30 GMT, with a 0.5 percent rise seen. Michigan University will present its consumer expectations and sentiment indicators at 15:30 GMT, with 91.2 and 98.9 readings seen respectively.

Thursday

Asia: Japanese markets remain closed on Labor Thanksgiving.

Europe: Germany’s third-quarter GDP is up at 07:00 GMT. Expectations are pointing at a 0.6 percent q/q growth rate. The German manufacturing PMI for November will also be release at 08:30 GMT, while the Eurozone activity readings are set for 09:00 GMT. The United Kingdom will also show its Q3 GDP figures at 09:30 GMT.

United States: markets remain closed on Thanksgiving.

Friday

Europe: Germany’s business expectations, current assessment and lfo business climate for November are due for publishing at 09:00 GMT.

United States: markets will close earlier than usual in the day after Thanksgiving. Manufacturing and services PMIs from Markit are up at 14:45 GMT, with 54.7 and 55.6 seen respectively.

Fort Financial Services