Next Week
August 6, 2010
The FOMC and Bank of Japan hold interest rate policy meetings next week. So do the Norwegian, South Korean and Hong Kong monetary authorities. None of these are expected to modify key rates. The Bank of England’s quarterly Inflation Report will unveil new forecasts. BOJ minutes from the July meeting and the August ECB Bulletin also get released. The workweek begins on the 36th anniversary of Nixon’s resignation and ends on Friday the 13th.
Scheduled U.S. data releases will cover retail sales, consumer prices, import prices, the trade deficit, wholesale and business inventories, the monthly Federal budget, the NFIB small business index, the IBD/TIPP optimism index, the preliminary U. Michigan reading for August consumer confidence, the JOLTS Labor Department index, quarterly productivity, and the usual weekly measures of jobless insurance claims, energy inventories, mortgage applications, chain store sales, and consumer confidence.
Euroland preliminary GDP reports are expected to show accelerating growth. There will be reports from the euro area as a whole, Germany, the Netherlands, France, and Spain. Euroland and French industrial production data are also getting released as are French and German consumer prices and Italian and German trade figures.
Britain’s data releases will be the trade deficit, the DCLG house price index, the RICs house price index, the BRC same sales retail report, unemployment, wage earnings, and the trade deficit. Switzerland reports producer prices and consumer confidence. Swedish industrial production and orders and consumer prices arrive next week, as du Norwegian retail sales and both the CPI and PPI. In Eastern Europe, several countries announce second quarter GDP. Romania, Hungary and the Czech Republic also release consumer prices.
Japan has many data releases scheduled: the trade and current accounts, money and bank lending growth, the economy watchers index, machinery orders, machine tool orders, corporate goods prices, revised industrial production with capacity usage, consumer confidence, and the monthly Tankan indices for manufacturing and non-manufacturing, which Reuters estimates.
Australia reports job ads, business conditions and sentiment, housing finance, consumer confidence and, most importantly, the July jobs and unemployment report. New Zealand releases retail sales, and South Africa and Turkey announce industrial production.
Canadian housing starts, house prices, auto sales and trade figures are due. So are Mexican industrial production and consumer prices, Brazilian retail sales and the Argentine CPI and WPI indices.
Copyright Larry Greenberg 2010. All rights reserved. No secondary distribution without express permission.
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[…] the data flow takes no time off. There’s always something happening in the news. Next week will be no exception. That is the week each month when China releases many indicators. […]
I am glad we bought our Prius this year. I can’t believe that the Japanese car makers can keep the price low with the Yen strengthening. What are your views on the Yen? Any Japanese government intervention on the horizon?