Week Ahead Preview: BOJ Meeting; RBA, BOK, BOC Minutes; U.K. and Japan CPI; Central Banks’ Speeches

17 December, 2023

From the BOJ interest rate decision to U.K., Japanese CPI to a European Union conference on fiscal policy, here’s what you need to know about the week ahead.

Monday

🇪🇬 Final results due from Egypt’s Dec. 10-12 election

🇺🇸 Nasdaq 100 index annual reconstitution is effective before market opening

🇩🇪 December IFO business climate

🇪🇺 ECB holds biennial conference on fiscal policy and EMU governance, with Executive Board member Isabel Schnabel and chief economist Philip Lane chairing panels. Through Tuesday – Bloomberg

ECB Governing Council member Boris Vujcic joins panel at event organized by EP office in Zagreb on Decade of opportunities and new challenges – Bloomberg

ECB Governing Council member Pierre Wunsch speaks at event presenting Belgian central bank’s economic forecasts – Bloomberg

🇬🇧 BOE Deputy Governor Ben Broadbent makes speech at London Business School – Bloomberg

🇺🇸 Chicago Fed President Austan Goolsbee is interviewed on CNBC

🇺🇸 December NAHB

Tuesday

🌎 G7 finance ministers and central bank governors hold virtual meeting – Bloomberg

🇦🇺 RBA Minutes

🇰🇷 BOK Minutes

🇯🇵 BOJ Meeting

🇪🇺 Lithuanian central bank Governor Gediminas Simkus hold news conference on economy in Vilnius – Bloomberg

🇪🇺 ECB Governing Council member Kazimir holds press conference on Slovak economic outlook – Bloomberg

🇪🇺 ECB Governing Council member Boris Vujcic holds year-end press conference in Zagreb – Bloomberg

🇬🇧 Bank of England deputy governor Sarah Breeden addresses IIF policy series – Bloomberg

🇬🇧 UK Prime Minister Rishi Sunak appears before Parliament’s powerful Liaison Committee – Bloomberg

🇺🇸 November housing starts and building permits

🇺🇸 Atlanta Fed President Raphael Bostic addresses Harvard Business School Club of Atlanta.

🇨🇦 November CPI

Wednesday

🇨🇳 Prime Rates

🇯🇵 November trade data

🇳🇿 New Zealand issues half-year economic and fiscal update.

🇬🇧 November CPI and PPI

🇪🇺 December consumer confidence

🇪🇺 ECB chief economist Philip Lane speaks on “The Euro Area Outlook” in Dublin – Bloomberg

🇺🇸 November existing home sales

🇺🇸 December Conference Board consumer confidence

🇺🇸 Chicago Fed President Austan Goolsbee is interviewed on Fox News – Bloomberg

🇨🇦 BOC Minutes

Thursday

🇮🇹 Italian Prime Minister Giorgia Meloni holds year-end press conference – Bloomberg

🇹🇷 Turkey’s central bank meeting

🇪🇺 ECB’s Chief Economist Philip Lane takes part in policy panel at Central Bank Winter Workshop in Dublin – Bloomberg

🇺🇸 Q3 GDP final estimate

Friday

🇯🇵 November CPI

🇬🇧 Novmber retail sales

🇺🇸 November personal income and spending

🇺🇸 November PCE, PCE Inflation

🇺🇸 November new home sales

🇺🇸 November durable goods orders

🇺🇸 December University of Michigan consumer sentiment index

Earnings

Happy holidays! We have a week of #earnings left in 2023.https://t.co/lObOE0dgsr $NKE $MU $CCL $FDX $HEI $CTAS $ACN $GIS $BB $KMX $FCEL $AIR $SCS $WOR $LIVE $MLKN $QIPT $EPAC $FDS $AVO $CETX $WGO $PAYX $LMNR $TTC $APOG $OGI $KNW $SHIM pic.twitter.com/TpxXyemBPx
— Earnings Whispers (@eWhispers) December 15, 2023

🇺🇸 For FedEx, Nike and General Mills, Quickening Profit Growth Awaits: Earnings #WeekAhead – Bloomberghttps://t.co/hvLrilXEJM pic.twitter.com/dIe39HAV2j
— fastreveal (@fastrevealnews) December 17, 2023

🇺🇸 #SPX | Where Are Analysts Most Optimistic on Ratings for S&P 500 Companies Heading Into 2024? – Factsethttps://t.co/3qmUQAW5aA pic.twitter.com/Yf2E3m8hM1
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) December 16, 2023

Previews

LS Focus On The Week Ahead – https://t.co/DxJdMGB0N4 pic.twitter.com/Mxu4Dbuaem
— LiveSquawk (@LiveSquawk) December 17, 2023

🌎 🇯🇵 #Weekahead | #BOJ Isn’t Ready for Requiem to Negative-Rate Era: Eco Week Ahead – Bloomberghttps://t.co/rwReZ1yzSV pic.twitter.com/tyYd5dJfUj
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) December 17, 2023

Your week in Asia
– Shanghai Disney launches Zootopia
– Jimmy Lai trial
– BOJ meetinghttps://t.co/A0vhBydsQj
— Nikkei Asia (@NikkeiAsia) December 17, 2023

🌎 🇯🇵 #Weekahead | Bank of Japan sets rates as Christmas nears – FThttps://t.co/p7ttmggvc3
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) December 17, 2023

Week Ahead: Highlights include US PCE; BoJ, PBoC; CPI from Japan, UK, Canadahttps://t.co/UzNN9UDeMl
— investingLive (@investingLive_) December 17, 2023

🇪🇺 Italy’s Giorgetti Says EU Fiscal Rules Deal Unlikely Next Week – Bloomberg
https://t.co/o2zWxFknrS pic.twitter.com/2cCX1PvKVp
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) December 15, 2023

Focus on U.S. Economic Calendar

Wall St Week Ahead Epic Treasury rally may be running out of fuel as Fed pivot priced in https://t.co/jSgucHKd9F pic.twitter.com/5yXXCxDK6t
— Reuters (@Reuters) December 16, 2023

⚠️Week Ahead Watchlist – Dec. 18-22:

*Mon: –
*Tues: Housing Starts, Building Permits; $FDX Earnings
*Wed: Consumer Confidence, Existing Home Sales; $MU
*Thurs: Q3 GDP, Jobless Claims, Philly Mfg. Survey; $NKE $CCL
*Fri: Core PCE Inflation, Durable Goods, Consumer Sentiment, New… pic.twitter.com/lvn6o6NLcf
— Jesse Cohen (@JesseCohenInv) December 17, 2023

🇺🇸🇺🇸Key Events This Week:

1. Housing Starts – Tuesday

2. FedEx $FDX Earnings – Tuesday

3. Consumer Confidence – Wednesday

4. Existing Home Sales – Wednesday

5. Final Q3 GPD – Thursday

6. Jobless Claims – Thursday

7. Philly Fed Manufacturing Survey – Thursday

8. Nike $NKE… pic.twitter.com/J8JO5nBkde
— Jesse Cohen (@JesseCohenInv) December 17, 2023

Top 10 Macro/Financial Charts of the Previous Week – w50

⚠ Top 10 Macro/Financial Charts of the Week – w50 (2023) ⚠

*HT @jasongoepfert, @ConnorJBates_, @GunjanJS, @EconguyRosie, @OliverRakau #Stocks #Germany #China #Oil https://t.co/6BFuSN5MuA
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) December 16, 2023

What Happened in the World Economy Last Week – in charts – w50 (Bloomberg)

🌎 Charting the Global Economy: #Fed, #ECB, #BOE Diverge on Policy Path – Bloomberghttps://t.co/6tbQ98xUC1 pic.twitter.com/iv8BaOnWvI
— fastreveal (@fastrevealnews) December 17, 2023

*Note: Previous reports can be found here