Next Week

June 24, 2011

In this last week of June, Thursday will mark the passing of month-end, quarter-end and the mid-point of 2011.  Highlights of the third quarter will be the August 2nd deadline for increasing the U.S. federal government debt ceiling, the tenth anniversary of the Al Qaeda attacks on the World Trade Center and the Pentagon, the ongoing European debt crisis, the handoff of the EU rotating presidency to Poland, and watchful markets seeing if Japan can bounce back by September and if the more general slow patch of world growth and correction of share prices proves to be temporary or longer-lived.  Canada Day will be observed on the first day of July, and U.S. Treasury markets will close early that same day for a three-day weekend commemorating America’s 235th birthday.

Central banks in Israel and Romania hold interest rate policy meetings next week.  The economic data calendar is heavy with releases.  The Bank of Japan’s quarterly Tankan survey is being published on Friday, and purchasing manager manufacturing sector surveys for numerous countries ranging from the United States, to Euroland, Brazil, Australia, Great Britain, Turkey, India, Russia, Taiwan, China, South Korea, Switzerland, Norway, Sweden, Hungary, Poland, Denmark, Russia and the Czech Republic arrive as well.  Some of the other upcoming data will include:

  • U.S. monthly personal income and spending, the Conference Board’s and U. Michigan measures of consumer confidence, the Case-Shiller house price index, pending home sales, construction spending, the NAPM and Richmond Fed manufacturing indices, midwestern purchasing manager surveys, and motor vehicle sales.
  • U.S. weekly figures for chain store sales, mortgage applications, energy inventories, consumer confidence, and jobless insurance claims.

 

  • Japanese retail sales, consumer prices, housing starts, small business sentiment, construction orders, auto sales, unemployment and jobs, and household spending.
  • Trade and/or current account figures from South Korea, Hong Kong, India, Indonesia, and Malaysia plus Indonesian consumer prices, South Korean industrial output and Singaporean producer prices.

 

  • Australian private credit growth, money growth, new home sales, commodity prices and skilled labor job openings.  New Zealand business sentiment, money growth and trades.
  • South African money, bank credit, trades, and producer prices.  Turkish trades and GDP.

 

  • Euroland consumer prices, unemployment, money and credit growth and a variety of sentiment indices covering the overall economy, consumers, and construction, other industrial sectors, and services.
  • German retail sales, consumer prices, import prices, labor statistics and consumer sentiment.
  • French producer prices, GDP, and consumer spending on manufactured goods.
  • Spanish retail sales, consumer prices and current account.
  • Italian producer and consumer prices, wage trends, and unemployment.
  • Belgium’s CPI, Greece’s PPI, Portuguese industrial output, Irish retail sales, and Finnish consumer sentiment.

 

  • British quarterly GDP, investment spending, and current account figures.  Monthly mortgage approvals, money growth, consumer confidence, and the Nationwide house price index.
  • Swedish trades, retail sales and money growth.
  • Swiss GDP, current account, index of leading economic indicators and index of consumer performance.
  • Norwegian retail sales and labor statistics.
  • Iceland’s PPI and CPI.
  • Danish trades and industrial production.
  • Poland’s and Hungary’s current accounts.  Romanian and Hungarian unemployment.

 

  • Canadian consumer prices, wage earnings, and May GDP by industry. 
  • Brazilian trades and industrial output.

Copyright Larry Greenberg 2011.  All rights reserved.  No secondary distribution without express permission.

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