Next Week
February 3, 2012
The weekend of February 4-5 marks the astronomical midpoint of winter in the northern hemisphere. Despite unseasonably mild temperatures in the populated areas of Europe and North America, WTI crude oil prices averaged exactly $100 in the first half of the season.
Central bank meetings are scheduled this week in Euroland, Britain, Iceland and Australia.
Quite a few countries will be reporting industrial production next week, including, Norway, Germany, the Czech Republic, Turkey, Spain, Britain, South Africa, Greece, Finland, France, Sweden, Indonesia, and Malaysia.
The U.S. data release calendar is relatively thin, consisting of the trade balance, wholesale inventories, the federal budget, the IBD/TIPP optimism index, the Labor Department JOLTS index, the U. Michigan gauge of consumer sentiment, consumer credit, and weekly figures on jobless claims, energy inventories, mortgage applications and chain store sales.
Germany reports industrial orders, the trade and current accounts, the construction PMI, revised consumer prices and the WPI index. France’s current account and trade figures arrive, and so do Greek and Portuguese consumer prices. From the euro area as a whole, investors will learn the latest reading of the Sentix index.
British releases next week include shop prices, same-store sales, the Halifax and RICs house price measures, the trade balance, the monthly estimate of GDP, and producer prices. Swiss and Norwegian consumer prices are scheduled. Norway also reports the PPI, while Swiss unemployment is due. Denmark reports its current account and trade numbers.
Japan announces the index of leading economic indicators, consumer confidence, the economy watchers index, the current account, corporate goods prices, machinery orders, and money aggregates and bank lending. The release of Chinese consumer prices, producer prices, and trade figures are scheduled for late in the week. The Indonesia current account and GDP are scheduled as well. South Korean producer prices and Malaysian trade data are due.
From Canada arrives the IVEY PMI, building permits, housing starts and the trade balance. Mexico will be chipping in its CPI and PPI reports, while Brazil answers with consumer prices.
Australia will be reporting retail sales, job ads, the construction PMI index, and consumer confidence. New Zealand releases quarterly labor statistics.
Copyright 2012, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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