Next Week

February 17, 2012

A light week data-wise begins with a U.S. market closure for President’s Day and a euro group meeting in Brussels on the subject of Greece.  Turkey’s central bank holds an interest rate meeting at which no changes are expected, and minutes from the last policy meetings at the Bank of England and Reserve Bank of Australia will be published.

U.S. data releases will cover existing and new home sales, the FHFA home price index, the U. Michigan index of consumer sentiment and weekly figures on jobless insurance claims, energy inventories, chain store sales, consumer confidence, and mortgage applications.

Japan will report customs trade data, the all industry index, corporate service prices and the index of leading economic indicators.  The preliminary estimate of China’s purchasing managers index and its index of leading economic indicators arrive, too.  So will Singaporean CPI, industrial production and current account, Hong Kong trades and unemployment, Thai GDP and Malaysian consumer prices.

Euroland’s data calendar features monthly sentiment indices, the Ezone, German and French flash PMI reports, and industrial orders.  The IFO Institute reports its monthly German business climate index, and France releases business sentiment, consumer confidence, and unemployment.  Belgium and The Netherlands both report consumer confidence.  Belgium’s business conditions index also will be reports, as will Italian retail sales and industrial orders, Irish consumer and producer prices, and Finland’s CPI, PPI, and unemployment.

The main U.K. release of the week will be revised fourth-quarter GDP.  British public sector figures are due, along with the Rightmove British house price index, U.K. mortgage applications, the CBI industrial trends survey.  Investors will see Swiss trade and money supply data, Danish consumer confidence and Czech producer prices.

Canada and Mexico each release retail sales and wholesale turnover.  The Mexican and Brazilian current accounts arrive, too.

Australia is reporting quarterly labor costs.  New Zealand chimes in with producer prices and expected CPI inflation.  South Africa will release both CPI and PPI figures during the week.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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