Next Week

August 26, 2011

Brazilian monetary policymakers will be meeting on August 30-31, and the release of FOMC minutes is scheduled for Tuesday.  Also that day, Japanese lawmakers will vote on the successor to Prime Minister Kan.  There is a British bank holiday on Monday, and U.S. Treasury market trading will close early on Friday to start the Labor Day weekend.  Manufacturing purchasing manager surveys for a slew of economies around the world will be released on the latter part of the week.

Several Fed officials will be speaking publicly, including Lockhart, Evans, Rosengren, Duke and Kocherlakota.  Trichet, Nowotny, and Stark of the ECB and Juncker of the EU speak next week as well.

Scheduled U.S. data next week aside from the PMI index are led by the Labor Department monthly jobs survey and include also midwestern PMI reports, the Dallas Fed manufacturing index, the Conference Board consumer confidence index, the Case-Shiller house price index, pending home sales, personal income and spending, factory orders, and construction spending.  The usual weekly data covering claims for unemployment insurance, chain store sales, consumer confidence, mortgage applications and energy inventories will draw typical interest.

Japan reports industrial production, retail sales, labor statistics, housing starts, household spending, construction orders, small business sentiment and the monetary base.  Some other Asian releases will be Singapore and Thailand producer prices, South Korean, Indonesian and Thai consumer prices, India’s trade balance, Hong Kong retail sales, and Filipino GDP.

From the euro area, investors will learn the latest business and consumer sentiment figures, consumer and producer prices, unemployment and the retail as well manufacturing PMI survey results.  Germany releases retail sales, revised GDP as well as monthly labor and preliminary CPI data.  French, Dutch, and Italian PPI reports arrive, too, as will Belgian and Spanish consumer prices plus Spanish retail sales.  Italy, in addition, is set to report retail sales, producer prices, hourly wages, business sentiment and consumer confidence. 

Canada releases producer prices, raw material prices, the quarterly current account and both June and second-quarter GDP.  Brazil reports industrial output.

A couple of British house price indices are due as are consumer confidence, the construction PMI, money growth, consumer credit and mortgage approvals from that economy.  Switzerland releases GDP and retail sales.  Norwegian, Czech, Swedish and Danish retail sales are also on the data calendar, as are Icelandic producer prices, Polish GDP, and Hungarian and Romanian producer prices. 

Australia has several indicators next week: private credit, building permits, M3 money, retail sales, commodity prices and the trade balance.  South African GDP and New Zealand business sentiment and money growth are due as well.  All in all, it will be a busy week on the data front.

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

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