Bank of England and Japan GDP highlight of the week

After an eventful week which saw the euro jump the most since 2009 following the European Central Bank meeting last Thursday, the coming week will seem a quieter in terms of economic data. But central bank meetings in New Zealand, Switzerland and the United Kingdom will attract attention.

On Monday, the first economic data comes from Australia in the form of the latest AIG Construction Index. Following this, Japan publishes its Leading Economic Indicator. Later in the day, the latest Eurozone Sentix Index is out.

On Tuesday, focus will be on revised third quarter GDP numbers from Japan. According to preliminary GDP results Japan fell in to recession in Q3. The NAB Business confidence report will then be published in Australia. China sees the publication of international trade figures. Meanwhile, GDP data are also due from the Eurozone.

Canada sees the publication of housing starts and building permit figures.
On Wednesday, Australia releases consumer sentiment data. But the more important data come from China which publishes inflation numbers.

On Thursday, the main market focus will be on central banks, as the Reserve Bank of New Zealand , the Swiss National Bank and the Bank of England announce their latest monetary policy decisions. It is expected that UK monetary policy will remain unchanged.

Also important to watch will be unemployment data for Australia.

Meanwhile, initial jobless claims numbers are out in the US.

Friday will be relatively quiet in Asia and Europe. The main focus will be on the US which releases retail sales data and the University of Michigan consumer sentiment report (preliminary).

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