The Week Ahead: Europe, Japan, China

By Barry Ritholtz - December 8th, 2008, 3:00AM

Hedge funds will settle accounts and investors will get fresh readings on retail sales and consumer sentiment in the coming week. MarketWatch’s Stacey Delo sets the table for the news ahead.

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The Week Ahead In Europe
Results from Inditex, which owns clothing retailer Zara, and a strategic review from Alcatel Lucent, will headline a relatively quiet week in Europe. Also expected are the results of Germany’s ZEW economic sentiment survey.

12/5/2008

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Look Ahead in Asia: China Will Survive Downturn

Edward Mullen, chief executive of mainland China’s first hedge fund Emperor Investment Management, tells Michael Kitchen that Chinese domestic demand will offset the slump in exports.

12/5/2008

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Macro Notes

Retail sales mixed relative to expectations
Peter Boockvar

Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...

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