Week Ahead 14/11/22: UK CPI, jobs and retail sales; BRBY earnings
Next week sees economic data centres mostly around the UK with inflation, jobs, and retail sales. We look at GBP/USD. Then it’s Burberry (BRBY) as the choice to watch on the corporate agenda.
(Partial Video Transcript)
14/11/22
Let's take a look now at some of the events to watch out for in the week, starting Monday 14 November. We begin on Monday for the economic calendar with eurozone industrial production. Then it's US consumer inflation expectations which comes after that slightly weaker number that we have been expecting in the last week, which saw that dollar fall back so far.
15/11/22
We've got some data out coming out early doors in the Asia Pacific region. To begin with, we have Japanese third quarter (Q3) GDP growth, Australian minutes from the last Reserve Bank of Australia (RBA) meeting, UK unemployment at seven o'clock in the morning, third quarter GDP in the Eurozone, we've already seen the UK number coming a touch better than had been expected, but nonetheless it is contracting which according to many, is going to be the first of at least two quarters of negative growth or contraction, which means by the end of the year is widely expected the UK will be in recession. Will help you the case for the eurozone?
German ZEW economic sentiment also out on Tuesday morning, it could be an interesting number to watch out for.
16/11/22
UK consumer prices on the midweek trading session along with producer prices and retail prices. So seeing the UK Central Bank, the Bank of England, raising interest rates because of this rise in consumer prices, it's widely expected to see those CPI numbers continue to trade up unlike some of the other areas around the world where we are beginning to see some easing back on the CPI data.
US retail sales, industrial production, the housing market data in the States later on along with the weekly EIA crude oil inventories.
17/11/22
Let's skip on to the 17th Thursday. We get early numbers out from Japan trade balance data and the unemployment rate in Australia. And as we kick into the major part of the European trading day, we're looking ahead to the fiscal statement from Jeremy Hunt, the new chancellor of the exchequer, going some way as he has already done to let's call it repair some of the damage that has been done by the previous chancellor of the exchequer.
US building permits and housing starts, initial jobless claims as well, the weekly figures out at 1:30 pm on Thursday UK time.
18/11/22
Early on Friday morning japanese consumer prices, UK retail sales at seven o'clock in the morning could also be interesting, US existing home sales, and the weekly Baker Hughes rig count round us off as we end the week.
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