Next Week

July 16, 2010

On the central bank-watching beat, the coming week features Fed Chairman Bernanke’s Humphrey-Hawkins testimony, likely central bank rate hikes in Canada, and Brazil, other central bank policy meetings in India, South Africa, Hungary, and Colombia, released minutes from interest rate meetings this month in Australia and Britain, the Bank of Japan loan officer survey, and the Bank of Canada’s Monetary Policy Report

Stress test results for 91 European banks will be reported next Friday.

Preliminary purchasing manager indices (composite, manufacturing, and services) will be released for the euro area, Germany, and France.  A flash estimate of Euroland consumer confidence is due as well as construction output and the current account.  Germany will be reporting producer prices and the IFO business climate index, and France releases consumer spending on manufactured goods.  Italy, Holland, and Belgium announce consumer confidence.  Belgium also reports business sentiment.

Britain’s second-quarter estimate of GDP growth will be one of the first indications of the spring quarter from any advanced nation.  The Rightmove house price index, M4 growth, public finances, retail sales, and the CBI industrial trends survey results are other U.K. data releases scheduled for the week of July 19-23.

The short list of monthly U.S. indicators includes existing home sales, the NAHB index, the FHFA index and the index of leading economic indicators.

Japan starts the week with a closure for Marine Day and only releases its all-industry week and some central bank reports and Policy Board minutes.  South Korea, Taiwan, Singapore and Thailand release industrial production.  Taiwanese export orders and Hong Kong trade figures are due as well.

Canadian wholesale and retail sales are due, as is the consumer price index.

Trade figures are scheduled for in Switzerland, while in Poland several figures are due, covering producer and consumer prices, retail sales, and industrial production.

New Zealand reports business sentiment and building permits.  Australia chimes in with import, consumer and producer prices, private credit growth, and the index of leading economic indicators.

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


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