Next Week

February 5, 2010

The G-7 meeting of finance ministers and central bankers that starts today in northern Canada may break with the tradition of releasing a formal statement of common agreement and intention.  Central banks meeting in Sweden, Korea, and Chile are not likely to change interest rates.  The Bank of England releases a quarterly inflation report, which will include latest growth and price projections.  Japanese markets are closed next Thursday for Foundation Day, and the U.S. Treasury market will observe an early closure on Friday ahead of the three-day President’s Day Holiday weekend.

The most significant data releases will be U.S. retail sales, Japanese machinery orders, Australian labor statistics, and fourth-quarter GDP for the euro area, Germany, France, Italy, Spain, the euro area as a whole, and several east and central European nations.

Besides retail sales, the U.S. will be releasing wholesale and business inventories, trade figures, the monthly budget deficit, the U. Michigan consumer sentiment index, the IBD/TIPP index of optimism, and a number of weekly data like jobless claims, chain store sales, and energy inventories.

Japan will also be reporting its current account, bank lending and money supply growth, machine tool orders, corporate goods prices, consumer confidence, and the economy watchers index.

Elsewhere in Asia, Chinese trades, consumer prices, producer prices and money and credit growth figures are due.  So are Korean producer prices and unemployment and Malaysian and Taiwanese industrial production figures.

Another scheduled Euroland release is industrial production.  Within the common currency area, France, Italy and Holland report industrial production, Germany announces the latest trade, CPI and WPI results.  Spanish and Dutch CPI numbers will arrive as well, and so will the French current account.

In Britain, trades, industrial production, factory output, the RICs house price index, and the BRC same store sales report all arrive.  Scheduled Swedish indicators include unemployment, industrial production and orders, and the activity index.  Swiss consumer prices and Norway’s CPI and PPI get released, too.

Czech trades and consumer prices, the Polish current account, and Romanian industrial output are month the data highlights from central Europe.  Turkish industrial output and current account figures are scheduled as well.

Australia announces business conditions and sentiment, consumer confidence,and  mortgage credit as well as unemployment. New Zealand retail sales and house prices arrive, too.

Canada reports housing starts, trade figures, house prices, and auto sales. Mexico releases employment, consumer prices, and industrial production, while both Chilean and Argentine consumer prices get released, too.

Copyright Larry Greenberg 2010.  All rights reserved.  No secondary distribution without express permission.

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