POWER: EU End of Day Power Summary: CWE, Nordics Rise

[A correction to the summary, with retail sales set for Jan 14 and not the Jan 21 initially mentioned]

The Census Bureau has announced the next schedule for a raft of data releases, with the highlight being November retail sales set for Jan 14 in a combination of release dates that will push back potential timing for GDP/PCE updates. We had thought PPI (Jan 14)/import prices (Jan 15) might be the stumbling block for a November PCE report, but with retail sales now also a clear limiting factor in the middle of the month. 

Highlights of single month updates: 

• Retail sales for November to be released on Jan 14, still circa one month late for no improvement relative to the delay of the October report
• Advance durable goods report for November to be released on Jan 26 before the full factory orders report on Jan 29
• International trade in goods & services for Oct (Jan 8) and Nov (Jan 29)

Two-month updates for housing-related data in September and October:

• Housing starts/building permits rescheduled for Jan 9
• New home sales rescheduled for Jan 13
• Construction spending rescheduled for Jan 21

• US TSY 13W AUCTION: NON-COMP BIDS $1.768 BLN FROM $86.000 BLN TOTAL

• US TSY 26W AUCTION: NON-COMP BIDS $1.417 BLN FROM $77.000 BLN TOTAL