Next Week
October 7, 2011
U.S. markets are closed Monday for Columbus Day, but China reopens for business after a full-week closure to commemorate the founding of the People’s Republic in 1949.
Central bank interest rate policy meetings are scheduled in Indonesia, South Korea, and Mexico. FOMC minutes will be released, and the ECB monthly Bulletin gets published. Euroland’s debt crisis tops the agenda when G20 finance ministers meet on October 14th and 15th in Paris.
The U.S. data calendar is led by the release of retail sales. Other items of interest will include the trade balance, import prices, the JOLTS index, the NFIB small business sentiment index, the IBD/TIPP optimism index, the U. Michigan consumer sentiment index, the monthly federal budget, business inventories and weekly figures covering jobless insurance claims, consumer confidence, mortgage applications, energy inventories, and chain store sales.
Many European countries will be reporting consumer prices: Denmark, Sweden, Norway, Germany, France, Ireland, Greece, Finland, Spain, Hungary, Romania, Poland, the Czech Republic, and the euro area as a whole. Euroland also releases trade and current account figures, industrial production and the Sentix index of investor sentiment. France, Italy, Greece, and the whole euro area report industrial production. Germany, Finland and France release current account data.
Britain will be an active releaser of data, including retail sales, the trade balance, labor statistics, industrial production, the estimate of September GDP by the National Institute of Economic and Social Research, the index of leading economic indicators, same-store retail sales, and a couple of housing market barometers, one from the Royal Institute of Chartered Surveyors and another from the Department of Communities and Local Government.
Switzerland and Norway release producer prices. Trade figures are scheduled in Hungary, Romania and Denmark, and Swedish industrial production are due as well.
Japanese releases next week are the trade and current accounts, the Economy Watchers index, the tertiary index, money and credit growth, consumer confidence and corporate goods prices. China reports consumer prices, producer prices, money growth, and the trade balance. Some of the other Asian releases will be South Korean producer prices and unemployment, Indian wholesale prices, Malaysian industrial production and Singapore retail sales.
Canada is releasing the monthly survey of manufacturing sales, orders and inventories as well as new home prices, the trade balance and housing starts. Mexican trades and industrial production are due.
Down under sees the release of Australian labor statistics, mortgage loans, and expected inflation as well as New Zealand’s business purchasing managers survey. South Africa and Turkey both report industrial production.
Copyright 2011, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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