Next Week's Memo
December 15 (Monday)
New Zealand November BNZ Services PSI: Previous value 48.7
Japan Q4 Tankan Large Manufacturing Business Conditions Index: Forecast 15; Previous value 14
Japan Q4 Tankan Large Manufacturing Outlook Index: Forecast 13; Previous value 12
Japan Q4 Tankan Large Non-Manufacturing Business Conditions Index: Forecast 35; Previous value 34
Japan Q4 Tankan Large All Industry Capital Expenditure Year-on-Year: Forecast up 12%; Previous value up 12.5%
Japan October Tertiary Industry Activity Index Month-on-Month: Forecast up 0.2%; Previous value up 0.3%
China November Total Retail Sales of Consumer Goods Year-on-Year: Forecast up 2.9%; Previous value up 2.9%
China November Industrial Value Added Year-on-Year for Above-Scale Enterprises: Forecast up 5%; Previous value up 4.9%
China January to November Urban Fixed Asset Investment Year-on-Year: Forecast down 2.3%; Previous value (January to October) down 1.7%
China November Urban Survey Unemployment Rate: Forecast 5.1%; Previous value 5.1%
India November Wholesale Price Index Year-on-Year: Forecast down 0.7%; Previous value down 1.21%
India November Exports Year-on-Year: Previous value down 11.8%
India November Trade Balance: Forecast deficit of $33 billion; Previous value deficit of $41.686 billion
Eurozone October Seasonally Adjusted Industrial Production Month-on-Month: Previous value up 0.2%
Eurozone October Working Day Adjusted Industrial Production Year-on-Year: Previous value up 1.2%
UK December Rightmove House Price Index Month-on-Month: Previous value down 1.8%
UK December Rightmove House Price Index Year-on-Year: Previous value down 0.5%
Switzerland November Producer and Import Price Index Year-on-Year: Previous value down 1.7%
Switzerland November Producer and Import Price Index Month-on-Month: Previous value down 0.3%
Canada November Housing Starts: Forecast 247,500 units; Previous value 232,800 units
Canada October Manufacturing Sales Month-on-Month: Forecast down 1%; Previous value up 3.3%
Canada November CPI Month-on-Month: Forecast up 0.1%; Previous value up 0.2%
Canada November CPI Year-on-Year: Forecast up 2.3%; Previous value up 2.2%
US December New York Fed Manufacturing Index: Forecast 9.7; Previous value 18.7
US December NAHB Housing Market Index: Forecast 38; Previous value 38
--------------------------------------------------------------------------------------------------------------------------------------- December 16 (Tuesday)
New Zealand November Food Prices MoM: Previous value -0.3%
Australia December S&P Composite PMI Preliminary: Previous value 52.6
Australia December S&P Manufacturing PMI Preliminary: Previous value 51.6
Australia December S&P Services PMI Preliminary: Previous value 52.8
Australia December Westpac Consumer Confidence MoM: Previous value 12.8%
Australia December Westpac Consumer Confidence: Previous value 103.8
Japan December S&P Composite PMI Preliminary: Previous value 52
Japan December S&P Manufacturing PMI Preliminary: Previous value 48.7
Japan December S&P Services PMI Preliminary: Previous value 53.2
Hong Kong Latest Unemployment Rate: Previous value 3.8%
India December HSBC Composite PMI Preliminary: Previous value 59.7
India December HSBC Manufacturing PMI Preliminary: Previous value 56.6
India December HSBC Services PMI Preliminary: Previous value 59.8
UK Three Months to October ILO Unemployment Rate: Forecast 5.1%; Previous value 5%
UK Three Months to October Labor Cash Earnings YoY: Previous value up 4.8%
UK November Unemployment Rate: Previous value 4.4%
UK December S&P Services PMI Preliminary: Previous value 51.3
UK December S&P Manufacturing PMI Preliminary: Previous value 50.2
UK December S&P Composite PMI Preliminary: Previous value 51.2
France December HCOB Manufacturing PMI Preliminary: Previous value 47.8
France December HCOB Services PMI Preliminary: Previous value 51.4
France December HCOB Composite PMI Preliminary: Previous value 50.4
Germany December HCOB Manufacturing PMI Preliminary: Previous value 48.2
Germany December HCOB Services PMI Preliminary: Previous value 53.1
Germany December HCOB Composite PMI Preliminary: Previous value 52.4
Germany December ZEW Economic Sentiment Index: Forecast 40; Previous value 38.5
Germany December ZEW Current Situation Index: Forecast -76.2; Previous value -78.7
Italy November Harmonized HICP YoY Final: Preliminary up 1.1%
Italy November Harmonized HICP YoY Final: Preliminary up 0.2%
Italy October Trade Balance: Previous value surplus €2.852 billion
Eurozone December HCOB Manufacturing PMI Preliminary: Previous value 49.6
Eurozone December HCOB Services PMI Preliminary: Previous value 53.6
Eurozone December HCOB Composite PMI Preliminary: Previous value 52.8 Eurozone December ZEW Economic Sentiment Index: Previous value 25
Eurozone October seasonally adjusted trade balance: Previous value surplus EUR 18.7 billion
Eurozone October unadjusted trade balance: Previous value surplus EUR 19.4 billion
US October retail sales month-on-month: Forecast increase 0.2%; Previous value increase 0.2%
US October core retail sales month-on-month: Forecast increase 0.3%; Previous value increase 0.3%
US December S&P Manufacturing PMI preliminary: Previous value 52.2
US December S&P Services PMI preliminary: Previous value 54.1
US December S&P Composite PMI preliminary: Previous value 54.2
US September business inventories month-on-month: Previous value no change
First day of listing: GuoXia Technology (02655.HK)
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December 17 (Wednesday)
Bank of Thailand monetary policy meeting, expected to cut interest rates by 25 basis points to 1.25%
Bank of Indonesia monetary policy meeting, expected to maintain benchmark interest rate at 4.75%
Australia November Westpac Leading Index month-on-month: Previous value increase 0.11%
New Zealand Q4 Westpac Consumer Confidence: Previous value 90.9
New Zealand Q3 current account: Forecast deficit NZD 7.5 billion; Previous value deficit NZD 970 million
Japan November unadjusted goods trade balance: Forecast surplus JPY 63.5 billion; Previous value revised to deficit JPY 226.1 billion
Japan November seasonally adjusted goods trade balance: Forecast deficit JPY 211.1 billion; Previous value deficit JPY 4.2 billion
Japan October core machinery orders month-on-month: Forecast decrease 2.1%; Previous value increase 4.2%
Japan October core machinery orders year-on-year: Forecast increase 3.7%; Previous value increase 11.6%
Singapore November non-oil domestic exports year-on-year: Forecast increase 15.1%; Previous value increase 22.2%
UK November CPI month-on-month: Forecast no change; Previous value increase 0.4%
UK November CPI year-on-year: Forecast increase 3.4%; Previous value increase 3.6%
UK November core inflation year-on-year: Previous value increase 3.4%
UK November Retail Price Index month-on-month: Previous value increase 0.3%
UK November Retail Price Index year-on-year: Previous value increase 4.3%
Germany December IFO Business Climate Index: Forecast increase 88.4; Previous value 88.1
Germany December IFO Current Assessment Index: Forecast 85.8; Previous value 85.6 Germany's December IFO Business Expectations Index: Forecast 90.8; Previous value 90.6
Eurozone's November HICP Year-on-Year Preliminary Value: Previous value up 2.2%
Eurozone's November HICP Month-on-Month Preliminary Value: Previous value down 0.3%
Eurozone's November Core Inflation Year-on-Year Preliminary Value: Previous value up 2.4%
U.S. MBA Mortgage Applications Last Week: Previous value up 4.8%
Earnings Release: Micron Technology (MU.US)
First Day Listing: HashKey (03887.HK)
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December 18 (Thursday)
Bank of England Monetary Policy Meeting, expected to lower the benchmark interest rate by 25 basis points to 3.75%
European Central Bank Monetary Policy Meeting, expected to maintain the deposit facility rate at 2%; Previous value of the main refinancing rate 2.15%
Taiwan announces monetary policy results, expected to keep the benchmark interest rate unchanged at 2%
New Zealand Q3 GDP Quarter-on-Quarter: Forecast to rise 0.8%; Previous value down 0.9%
New Zealand Q3 GDP Year-on-Year: Forecast to rise 1.3%; Previous value down 0.6%
Australia's December Consumer Inflation Expectations: Previous value 4.5%
Switzerland's November Actual Exports Month-on-Month: Previous value down 0.6%
Switzerland's November Actual Imports Month-on-Month: Previous value up 0.1%
France's December INSEE Business Confidence Index: Previous value 98
France's December INSEE Manufacturing Confidence Index: Previous value 98
Eurozone's October Construction Output Month-on-Month: Previous value down 0.5%
Eurozone's October Construction Output Year-on-Year: Previous value down 0.3%
U.S. Initial Jobless Claims Last Week: Previous value 236,000
U.S. December Philadelphia Fed Manufacturing Index: Forecast 2.2; Previous value negative 1.7
U.S. November CPI Year-on-Year: Forecast to rise 3.1%
U.S. November Core Inflation Year-on-Year: Forecast to rise 3%
Earnings Release (U.S. Stocks): Accenture (ACN.US), Nike (NKE.US), FedEx (FDX.US)
Earnings Release (Hong Kong Stocks): Haitian Flavoring and Food (03288.HK), Seaspan Corporation (01308.HK)
--------------------------------------------------------------------------------------------------------------------------------------- December 19 (Friday)
The Bank of Japan announces the end of its monetary policy meeting, expected to raise interest rates by 25 basis points to 0.75%.
The Central Bank of Russia holds a monetary policy meeting, expected to keep the key interest rate unchanged at 16.5%.
U.S. December Kansas City Fed Manufacturing Composite Index: Previous value 8.
U.S. October Net International Capital Inflow: Previous value USD 190.1 billion.
U.S. October Net Long-term Capital Inflow: Previous value USD 179.8 billion.
U.K. December GfK Consumer Confidence Index: Previous value -19.
Australia November Private Sector Loan Monthly Rate: Previous value increased by 0.7%.
Australia November Private Sector Loan Annual Rate: Previous value increased by 7.3%.
New Zealand November Trade Balance: Previous value deficit NZD 1.542 billion.
New Zealand December ANZ Consumer Confidence: Previous value 98.4.
New Zealand December ANZ Business Confidence: Previous value 67.1.
South Korea November PPI Annual Rate: Previous value increased by 1.5%.
Japan November National CPI Annual Rate: Forecasted to increase by 2.9%; Previous value increased by 3%.
Japan November National Core Inflation Annual Rate: Forecasted to increase by 3%; Previous value increased by 3%.
Germany November PPI Monthly Rate: Previous value increased by 0.1%.
Germany November PPI Annual Rate: Previous value decreased by 1.8%.
Germany January GfK Consumer Confidence Index: Forecasted -23; Previous value -23.2.
U.K. November Government Budget Deficit: Previous value GBP 20.8 billion.
U.K. November Public Sector Net Borrowing: Previous value GBP 17.4 billion.
U.K. November Seasonally Adjusted Retail Sales Monthly Rate: Previous value decreased by 1.1%.
U.K. November Seasonally Adjusted Retail Sales Annual Rate: Previous value increased by 0.2%.
U.K. November Seasonally Adjusted Core Retail Sales Monthly Rate: Previous value decreased by 1%.
U.K. November Seasonally Adjusted Core Retail Sales Annual Rate: Previous value increased by 1.2%.
U.K. November Public Sector Net Borrowing: Previous value GBP 17.4 billion.
France November PPI Monthly Rate: Previous value unchanged.
France November PPI Annual Rate: Previous value decreased by 0.8%.
Italy October Current Account: Previous value surplus EUR 3.412 billion.
Italy December Istat Economic Sentiment Index: Previous value 96.1.
Italy December Istat Consumer Confidence Index: Previous value 95.
Italy December Istat Manufacturing Confidence Index: Previous value 89.6.
Italy October Seasonally Adjusted Industrial Sales Monthly Rate: Previous value increased by 2.1%.
Italy October Adjusted Industrial Sales Annual Rate: Previous value increased by 3.4%.
Eurozone October Seasonally Adjusted Current Account: Previous value surplus EUR 23.1 billion.
Eurozone December Consumer Confidence Index Preliminary Value: Previous value -14.2.
Canada October Retail Sales Monthly Rate: Forecasted unchanged; Previous value decreased by 0.7%.
Canada October Core Retail Sales Monthly Rate: Forecasted unchanged; Previous value increased by 0.2% U.S. December University of Michigan Consumer Confidence Index Final Value: Initial Value 53.3
U.S. November Existing Home Sales: Forecast 4.15 million; Previous Value 4.10 million
Earnings Release (U.S. Stocks): Carnival Corporation (CCL.US)
Earnings Release (Hong Kong Stocks): CEC International (00759.HK), International Home Retail (01373.HK)
First Day Listing: Smart Mining (02546.HK), Xidi Intelligent Driving (03881.HK)
