Week Ahead

In the US, the most important events are the FOMC minutes release, existing home sales and durable goods. In the UK, investors will be waiting for the Autumn Budget. Elsewhere, flash PMIs for the Euro Area, Germany, France and Japan will also be in the spotlight.
Joana Taborda | joana.taborda@tradingeconomics.com 11/18/2017 11:18:13 AM
In the US, investors will be waiting for the FOMC minutes release for further clues on the timing of the next Fed rate hike. Markets are anticipating a 25bps rise in the fed funds rate in the December meeting. Other important data include existing home sales, durable goods, final figures for Michigan consumer sentiment and flash PMI figures.
Elsewhere in America: Canada retail sales; mid-month inflation figures for Brazil and Mexico; final figures for Mexico GDP growth; Colombia interest rate decision and Chile GDP growth. On Sunday November 19th, Chileans will choose the next President and investors bet on the return of Sebastián Piñera.
In the UK, the Chancellor Philip Hammond will deliver the Autumn Budget. Other important data include government borrowing numbers and the second estimate for GDP growth.
In Europe, flash PMI readings for the Euro Area, Germany and France; Eurozone consumer confidence; Germany IFO business climate and final estimates for GDP growth; and the minutes from last ECB monetary policy meeting will also be in the spotlight.
In Asia, important data include flash manufacturing PMI for Japan; Thailand GDP growth; final GDP growth figures for Singapore and Taiwan. In Australia, the RBA will also publish minutes from its last monetary policy meeting.
In Africa, investors will be waiting for the inflation rate for South Africa and for monetary policy updates for South Africa, Nigeria and Kenya.