Week Ahead Preview: Fed Beige Book; OPEC+ Meeting; OECD Economic Outlook; Central Banks’ Speeches; Sovereign Rating Updates; China PMIs; Cyber Monday
From Fed Beige Book to the OPEC+ meeting and OECD Economic Outlook, here’s what you need to know for the week ahead.
Monday
🇨🇳 October industrial profits
🇬🇧 The UK’s Global Investment Summit is expected to attract top global banking executives and business leaders – Bloomberg
🇪🇺 ECB President Christine Lagarde appears before the European Parliament’s Committee on Economic and Monetary Affairs – Bloomberg
🇺🇸 October new home sales
🇺🇸 Cyber Monday, the first Monday after Thanksgiving, when retailers in the US and beyond traditionally hold special promotions and sales online.
Tuesday
🌎 Meeting of NATO foreign ministers in Brussels, through Wednesday – Bloomberg
🌎 Conference of Paris held at the OECD through Wednesday, with speakers to include top business leaders – Bloomberg
🇬🇷 🇬🇧 Greek Prime Minister Kyriakos Mitsotakis meets UK Prime Minister Rishi Sunak in London – Bloomberg
🇪🇺 October Monetary Developments
🇪🇺 ECB governing council member Pablo Hernandez de Cos and Bank of England Deputy Governor Dave Ramsden speak at the Hong Kong Monetary Authority/Bank of International Settlements conference – Bloomberg
🇪🇺 ECB’s Nagel Speaks in Cyprus – Bloomberg
🇪🇺 ECB’s Lagarde Speaks (Pre-Recorded) – Bloomberg
🇪🇺 Lecture by Mr Lane at Michael Chae Seminar on Macroeconomic Policy organised by Harvard University in Cambridge, USA – Bloomberg
🇬🇧 Bank of England policy maker Jonathan Haskel speaks on UK inflation at Warwick University – Bloomberg
🇺🇸 Chicago Fed President Austan Goolsbee delivers welcoming remarks at the bank’s Midwest Agriculture Conference – Bloomberg
🇺🇸 Fed Governor Chris Waller speaks on the economic outlook at the American Enterprise Institute – Bloomberg
🇺🇸 November Conf. Board consumer confidence
Wednesday
🌎 OECD releases biannual economic outlook including new economic forecasts – Bloomberg
🇪🇸 November CPI
🇪🇺 November Economic Confidence
🇩🇪 November CPI
🇬🇧 Bank of England Governor Andrew Bailey speaks at London Foreign Exchange Joint Standing Committee anniversary event – Bloomberg
🇺🇸 Cleveland Fed President Loretta Mester speaks on financial stability at Loyola University Chicago.
🇺🇸 Fed Beige Book
Thursday
🛢 OPEC+ meeting, focused on finalizing output levels for 2024, is held at a time of sinking oil prices. The gathering was originally been scheduled for Nov. 26 – Bloomberg
🌎 COP28, the latest UN climate change conference, is held in Dubai, United Arab Emirates. The annual summit aims to encourage governments to limit global temperature rises. Through Dec. 12 – Bloomberg
🇨🇳 November Manufacturing and services PMIs
🇪🇺 October Unemployment Rate
🇪🇺 November CPI
🇪🇺 Fabio Panetta makes first speech as Bank of Italy governor, to celebrate Iccrea’s 60-year anniversary. In Rome – Bloomberg
🇪🇺 ECB’s Lagarde Speaks at Banking Supervision Forum – Bloomberg
🇪🇺 ECB’s Nagel Speaks in Berlin – Bloomberg
🇬🇧 Bank of England policy maker Megan Greene gives a speech at Leeds University – Bloomberg
🇺🇸 October personal income and spending
🇺🇸 October PCE Inflation index
Friday
🇨🇳 November Caixin Manufacturing PMI
🇪🇺 ECB’s Elderson Speaks at Banking Supervision Forum – Bloomberg
🇪🇺 ECB’s Lagarde Speaks at Banking Supervision Forum – Bloomberg
🇺🇸 October construction spending
🇺🇸 November ISM Manufacturing
🇺🇸 Chicago Fed President Austan Goolsbee speaks at the bank’s economic policy symposium – Bloomberg
🇺🇸 Fed Chair Jerome Powell to participate in “fireside chat” with Spelman College President Helene Gayle in Atlanta – Bloomberg
🌎 Rating Updates: Greece (Fitch), Ireland (Fitch), United Kingdom (Fitch), France (S&P), Lithuania (S&P), Senegal (S&P), Finland (Moody’s), Germany (DBRS), Spain (DBRS)
Earnings
Previews
Focus on U.S. Economic Calendar
Top 10 Macro/Financial Charts of the Previous Week – w47
What happened in the World Economy last Week – in charts – w47 (Bloomberg)
*Note: Previous reports can be found here