THE WEEK AHEAD

The week ahead is led by RBA minutes and a swathe of production and earnings reports locally, including BHP Billiton and Rio Tinto, while overseas brings inflation figures from the US and China.

The minutes of the Reserve Bank of Australia’s latest monetary policy meeting dominates economic news in the week ahead.

Elsewhere locally, housing finance data and new car sales figures are set for release.

Offshore, consumer price index figures are due in the United States, while Chinese inflation is also due.

In the corporate world, a number of miners will release quarterly production reports including Rio Tinto, BHP Billiton and Fortescue Metals.

Telstra Corporation is among a couple of key names holding annual general meetings, while Bank of Queensland will release annual earnings results.

And finally, the International Monetary Fund and the World Economic Forum will hold meetings this week.

RBA

On Tuesday, the Reserve Bank of Australia will release the minutes of its October monetary policy meeting, where it surprised the market by cutting interest rates to 3.25 per cent.

Investors will watch intently for the justification of the bank’s surprise decision to slice rates by 25 basis points, and any indication of the future of monetary policy.

Analysts have warned that weak data could see another cut in November, and since then unemployment figures have come in worse than expected.

Thursday brings a speech from RBA assistant governor Malcolm Edey to the International Swaps and Derivatives Association’s annual Australia conference in Sydney.

Local news

The week in local news brings a solid mixture of public and private indicators.

On Monday, a busy day for the Australian Bureau of Statistics sees the body release housing finance data for August and new car sales figures for September.

The lending data is expected to show a 2 per cent increase in loans, which will be the biggest rise in 14 months. Car sales are expected to have risen by 1.5 per cent.

Tuesday sees lending finance numbers released by the ABS.

Wednesday brings ABS figures on both construction and building activity for the third quarter.

On Thursday, National Australia Bank is due to release its business survey for the three months to September.

Corporate

A huge week in company news brings a number of quarterly production reports from the resources sector and a couple of annual general meetings. Overseas, the big United States banks unveil third quarter results.

On Monday, Nufarm will trade ex-dividend, while overseas, Citigroup is due to report third quarter earnings results.

Tuesday sees Telstra Corporation hold its AGM, along with Cochlear and Coffey International.

Miners Fortescue Metals and Rio Tinto will release third quarter sales and revenue results.

UBS analysts are expecting Fortescue to post a 20 per cent rise in production compared to the previous corresponding period.

QBE Insurance will hold an analyst and investor day in London.

In the US, third quarter data will be released by Goldman Sachs Group and The Coca Cola Company.

Wednesday brings quarterly production results from BHP Billiton. The group is expected to post improved coal volumes in the period.

Annual general meetings will be held by CSL, Stockland and Origin Energy.

Petsec Energy will release quarterly sales and production data.

In the United States, News Corporation will hold its annual general meeting.

Bank of America and eBay are due to report third quarter figures.

On Thursday, Bank of Queensland will release full year earnings results. The lender is expected to post the first loss by an Australian bank in almost two decades, after downgrading its guidance just weeks ago.

Ten Network will also release full year results.

In mining, Newcrest Mining, Santos and BC Iron will release third quarter output data.

UBS analysts are tipping Newcrest will post total quarterly production of 446.4 thousand ounces.

Woodside will also unveil third quarter figures.

Elsewhere, Mortgage Choice will hold its AGM, while Arafura Resources will meet shareholders for an extraordinary meeting.

Quarterly figures are due from Google Inc in the US, along with Morgan Stanley.

Friday sees Sydney Airport release full year sales and revenue statistics.

SKYCITY Entertainment group will hold its AGM.

Overseas, General Electric Co and McDonalds Corp will post quarterly earnings data.

Offshore

Overseas, a suite of data is due from the United States, China and the United Kingdom.

On Monday, retail sales data for September and August business inventories figures are due in the United States. Retail sales are expected to have lifted by 0.6 per cent in the month.

The New York Empire State manufacturing survey for October is also set for release.

In China, consumer inflation data and the producer price index for September are due.

Tuesday brings September consumer price index data in the United States. Economists are expecting the data to show core inflation has expanded by 0.2 per cent.

Industrial production data for September and the NAHB housing market index for October are also awaited. Production is tipped to have lifted by 0.3 per cent.

Treasury international capital data caps off a big day in the US.

In the UK, consumer and producer inflation data are expected to be released.

The country’s retail price index is also awaited.

Wednesday sees the release of US housing starts data for September, and the weekly Energy Information Association Petroleum Status report.

September building permit figures are also due, along with weekly Mortgage Bankers Association mortgage application data.

In the UK, average earnings data for October and quarterly ILO unemployment rate figures are on tap.

On Thursday, US jobless claims data and the Philadelphia Federal Reserve survey for October are on tap.

In the UK, September retail figures are awaited.

Elsewhere, Chinese authorities will release industrial production, retail sales and urban investment data all for September.

Friday brings US existing home sales data for September, which wraps up a very busy week. Economists are expecting the data to show a 1 per cent decline in sales.

Wrapping up

Rounding off, a busy week of events matches the large amount of data due.

Sunday sees a meeting of the International Monetary Fund, while the World Economic Forum will also hold a meeting.

The Group of 30 will hold an international banking seminar, while Bank of Japan governor Masaaki Shirakawa will speak at a seminar hosted by the IMF and BoJ.

On Monday, South Australian premier Jay Weatherill MP will speak at a Committee for the Economic Development of Australia (CEDA) event in Adelaide.

San Francisco federal reserve president John Williams will speak before the Financial Women's Association in the United States.

New York Federal Reserve president William Dudley will address the National Association for Business Economics.

Richmond Federal Reserve president Jeffrey Lacker speaks to business and government leaders in Virginia.

St Louis Federal Reserve president James Bullard speaks will address the Missouri Council on Economic Education.

Tuesday sees US National Economic Council director Gene Sperling speak to the National Association of Business Economics.

Wednesday brings the latest US presidential debate between candidates Barack Obama and Mitt Romney.

Overseas, the Bank of England will release the minutes of its latest monetary policy meeting.

Former federal reserve chairman Paul Volcker will testify to a UK parliamentary commission.

On Thursday, Qantas Airways chief executive officer Alan Joyce will speak at an Australian Institute of Company Directors event in Brisbane.

QR National managing director and chief executive officer Lance Hockridge will address an American Chamber of Commerce in Australia business briefing in Sydney.

In Europe, the European Union will kick off a two day extraordinary economic summit, while the European Council will also meet in Brussels.

EU commissioner Oil Rehn will be the guest speaker at a Capital Markets conference.

The ECB governing council will hold a non-rate setting policy meeting.

Friday sees Wesfarmers managing director and chief executive Richard Goyder speak at an AICD event in Melbourne.

Australian Prudential Regulation Authority chairman John Laker will address a CEDA function, also in Melbourne.

Elsewhere in the Victorian capital, Grocon chief executive Daniel Grollo will be the guest speaker at an AMCHAM event.

On Saturday, ECB governing council member Luc Coene will speak on the euro crisis at conference in Brussels.