Week Ahead-Flash PMIs, cenbank comments, Trump trade in focus
Nov 18 (Reuters) - With November flash PMIs the only major data due, financial markets will focus on commentsfrom major central bank officials and incoming U.S. President Donald Trump's plans fortariffs, immigration, and tax cuts, which have implicationsfor inflation and Federal Reserve monetary policy.
Housing starts kick off the U.S. data schedule on Tuesday, followed by weekly jobless claims, Philly Fed Business Conditions, and existing home sales on Thursday. Flash S&P Global PMIs and the final reading of Michigan consumer sentiment and inflation expectations will completea snapshot of the economy on Friday.
Chicago Fed President Austan Goolsbee and Cleveland Fed President Beth Hammack will provide their outlooks.
Japan's October CPI on Friday willshape Bank of Japan rate expectations as the weak yen threatens to push up inflation. Machinery orders, trade figures and PMIs are also due.BOJ Governor Kazuo Ueda speaks on Monday and Thursday.
The euro zone only hascurrent account, thefinal reading of October HICP, consumer confidence and PMIs due. But the week is dotted with European Central Bank speeches includingPresident Christine Lagarde speaking on four occasions. Vice president Luis de Guindos and chief economist Philip Lane are other notable speakers.
The UK data calendar is busier with CPI, PPI, retail sales and PMIs. Bank of England policymakersDave Ramsden and Catherine Mann are due to speak.
China is likely to leave its one-year and five-year loan prime ratesunchanged on Wednesday despite rising expectations of more support measures for the beleaguered property sector after Beijing's latest stimulus package disappointed markets.
The Reserve Bank of Australia's November meeting minutes will bescrutinized for any hints of a softening in its hawkish outlook. RBA Assistant Governor Christopher Kent speaks on Monday and Governor Michele Bullock on Thursday.
Canada's CPI on Tuesday may pave the way for another jumbo Bank of Canada rate cut in December. New Zealand has no data of significance.
For more click on FXBUZ
China's mixed October data keeps stimulus calls alive: https://reut.rs/3YPXD6v
Trump trades: https://reut.rs/3Z6NmnK
Krishna Kumar and Andrew Spencer are Reuters market analysts. The views expressed are their own. Editing by Sonali Desai
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