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Week ahead: US new president to meet the world, China to release economic data

CCTV.com

11-07-2016 16:45 BJT

It's election week for America. Wednesday on the ground, the new president of the United States will meet the world. But there are still uncertainties surrounding the election.

The Federal Bureau of Investigation again cleared Democratic presidential candidate Hilary Clinton of potential criminal charges in its probe of her private email server.

That news lifted Asian markets on Monday. The latest poll shows a clear but narrow lead for Clinton. U.S. stocks and the dollar have been on a roller-coaster with all of the changes in the election.

Overall, this week's data calendar kicks off with German industrial orders for September, the Eurozone November Sentiment index and September retail sales. Also on Monday, we will have U.S. consumer credit data and most likely will also have China's October FX reserves.

Tuesday brings October trade data from China, France & Germany. The UK will release its manufacturing output on the same day.

On Wednesday, China will report its October Consumer inflation and Producer Price Index. The UK will release September trade data.

On Thursday, French industrial production is due and on Friday, German CPI will be released.

Despite the Veteran's Day holiday in the U.S., the University of Michigan will release preliminary consumer sentiment and current conditions for November.

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