Stockholm (Ekonamik) – The 45th week of 2019 will witness the monetary policy meetings of twelve central banks around the world. Although the most prominent meetings will take place in the UK, Australia, and Iceland, emerging market analysts will also be keeping an eye on the meetings of the central banks of Peru, Malaysia and Thailand.
Datawise, the main development will be the publication of Composite PMIs for most of the world on Tuesday and Wednesday. Also noteworthy for those worrying about imbalances in the international balance of payments will be the publication of foreign exchange reserves for Mexico, South Korea, China, Indonesia and South Africa. For those concerned about the trade war, balance of trade figures will also be published for Canada, the USA, China, France and Germany.
The main political events during this week will be the Spanish election on Sunday. Surveys continue to give a plurality of voter intentions to the Socialist Party, but the conservative Popular Party, together with the radical rightwing party Vox, have been enjoying a surge in support since the elections was announced at the end of September. This will further complicate government building efforts in the aftermath of the elections.
Prior to this, Friday will bear witness to a gathering of EU Finance Ministers , but those in the know, know that the agenda (if not the decision) will be set on Thursday when the finance ministers of the Eurozone meet ahead of the broader reunion.
| 04/11/2019 | Monday | Manufacturing PMIs (€Z, France, Germany, Italy, Spain) (October) |
| ForEx Reserves (Mexico, South Korea) (September/October) |
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| Bond Issuance (Lithuania, Romania) | ||
| 05/11/2019 | Tuesday | RBA Interest Rate Decision (Australia) |
| CBM Interest Rate Decision (Malaysia) | ||
| CPI Inflation (Turkey) (October) |
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| GDP Growth (Indonesia) (2019Q3) |
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| Composite PMIs (Brazil, China, India, South Africa, USA) (October) |
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| Unemployment Rate (Spain) (October) |
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| Balance of Trade (Canada, USA) (October) |
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| Bond Issuance (Austria, UK, Germany,USA) |
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| 06/11/2019 | Wednesday | BoT Interest Rate Decision (Thailand) |
| CBI Interest Rate Decision (Iceland) | ||
| NBP Interest Rate Decision (Poland) |
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| NBR Interest Rate Decision (Romania) | ||
| NBRB Interest Rate Decision (Belarus) | ||
| BOA Interest Rate Decision (Albania) | ||
| Composite PMIs (€Z, France, Germany, Italy, Spain, ) (October) | ||
| CPI Inflation (Russia) (October) | ||
| Industrial Production (Argentina) (September) | ||
| Unit Labour Costs (USA) (2019Q3) | ||
| ECB Non-Monetary Policy Meeting (€Z) | ||
| Bond Issuance (Denmark, Japan, Sweden) | ||
| 07/11/2019 | Thursday | NBS Interest Rate Decision (Serbia) |
| CNB Interest Rate Decision (Czech Republic) | ||
| BoE Interest Rate Decision (UK) | ||
| CRBP Interest Rate Decision (Peru) | ||
| CPI Inflation (Brazil, Mexico) (October) | ||
| Industrial Production (Germany) (September) | ||
| ForEx Reserves (China, Indonesia, South Africa) (October) | ||
| Eurogroup meeting (€Z) | ||
| Bond Issuance (Hungary, Poland, France, Spain, Romania, USA) | ||
| 08/11/2019 | Friday | Balance of Trade (China, France, Germany) (October, September) |
| Unemployment Rate (Canada) (October) | ||
| University of Michigan Surveys (USA) (November) | ||
| EcFin Meeting (EU) | ||
| 09/11/2019 | Saturday | CPI Inflation (China) (October) |
| 10/11/2019 | Sunday | General Election (Spain) |
