Next Week
March 12, 2010
Central banks will be in the main spotlight next week as policy meetings are scheduled in the United States, Japan, Turkey, Mexico, Chile, and Brazil. The BOJ will probably ease quantitatively, and Brazil’s key Selic rate is likely to get raised. In addition, Bank of England minutes should reveal another unanimous decision. The BOJ meeting will be followed by Governor Shirakawa’s press conference, and a new monthly economic assessment will arrive the following day. Bernanke, Hoenig, and Duke are Fed officials with planned speaking engagements.
Scheduled U.S. data releases will feature the quarterly current account plus monthly housing starts and permits, consumer prices, producer prices, import prices, TIC capital flows, the New York Fed and Philly Fed factory indices, and the National Association of Home Builders house price index. In additions, weekly jobless insurance claims, energy inventories, consumer confidence, mortgage applications, and chain store sales arrive, too.
Japan reports consumer confidence, the index of leading economic indicators, the tertiary index, the all-industry index, machine tool orders and the Reuters monthly Tankan index.
Labor market figures such as wage earnings, unemployment, and unit labor costs head a British slate of indicators that also includes the Rightmove house price index, the DCLG house price measure, M4, and bank lending. Public finances and the CBI industrial trends survey will attract special attention.
It’s a light week for Euroland data. The calendar includes employment, consumer prices, labor costs, the current account and trade. France and Italy report consumer prices. German producer prices, Belgian consumer confidence, and Italian industrial orders are scheduled, too.
Other European statistics next week will be Swiss producer prices, industrial production, investor sentiment, and trade. Norway reports trade, and Sweden releases labor statistics. Further to the east, Poland announces its CPI and PPI figures, the Czech Republic releases retail sales, and Russian industrial production arrives as well.
Canadian data include retail sales, wholesale sales, security transactions, productivity and the monthly survey of manufacturing sales, orders and inventories.
Some of the Asian data highlights will be Hong Kong and South Korean unemployment, Malaysian consumer prices and Taiwan export orders. South Africa offers retail sales. Israeli consumer prices and Turkish unemployment and consumer sentiment are on the calendar as well. So are Australian housing starts and that economy’s index of leading economic indicators.
Peruvian GDP, Chilean GDP and current account, and Colombian industrial production and retail sales are some of the more interesting Latin American releases.
Copyright Larry Greenberg 2010. All rights reserved. No secondary distribution without express permission.
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