Next Week

May 14, 2010

On the central bank watch, Mexico, Japan, and Turkey have scheduled interest rate meetings.  Analysts expect none to change policy.  The president of the Swiss National Bank and Governor of the Bank of Japan will be speaking in the week, and minutes of the last Bank of England, Reserve Bank of Australia and FOMC meetings get released.

A comparatively light week from a data standpoint features revised Japanese and German GDP, Flash Euroland, German and French PMI readings, and Canadian, U.S. and British consumer price data.

Other U.S. releases included the Philly and New York Fed factory indices, the National Association of Home Builders index, housing starts, producer prices, the Treasury report on capital flows, and several weekly reports covering jobless claims, chain store sales, energy stocks, consumer confidence, and mortgage applications.

Britain will be reporting the industrial trends survey, quarterly investment, the monthly budget trends, retail sales, and the Rightmove house price index.  Swedish house price figures get released, too, and so do Norwegian GDP and trade numbers.

Euroland releases the finalized CPI figures, trade and current account data for the whole bloc, the German ZEW and IFO indices as well as producer prices, Italian trade number, Spanish GDP, Dutch industrial production, and Belgian consumer confidence.

Canada’s data calendar besides the CPI index has retail sales, wholesale sales, securities transactions, and the index of leading economic indicators.  Mexico, Peru and Chile report GDP, while Argentina and Colombia announce latest industrial production numbers.

Scheduled Japanese data include machinery orders, the tertiary index of service-sector activity, consumer confidence, the Reuters monthly Tankan estimates, revised industrial production and the index of leading economic indicators. Other data highlights from the Pacific Rim include Malaysian and Hong Kong consumer prices, Singapore industrial output, Australian wages and consumer confidence, and New Zealand trades and building permits.

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

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