Next Week

May 4, 2012

A busy week lies ahead, kicked off on Sunday with the French presidential runoff election, Greek parliamentary elections, a German state election in Schleswig Holstein, and local elections in Italy.  British markets will be closed for a bank holiday on Monday, and U.K. policy priorities will be reviewed in the Queen’s Speech on Wednesday.  The EU Commission unveils new macroeconomic projections, and both the ECB monthly Bulletin and Bank of Japan Board meeting minutes get published.

Central banks holding interest rate policy meetings next week include those in Britain, Indonesia, South Korea, Malaysia, and Norway.  Fed Chairman Bernanke and ECB President Draghi both speak publicly during the week as do German Chancellor Merkel and Fed regional presidents Plosser, Lacker, Kocherlakota and Fisher.

The U.S. data release calendar for next week features the trade balance, import prices, the U. Michigan consumer sentiment index, the NIFB index of small business confidence, the IBD/TIPP optimism index, wholesale inventories, consumer credit, and the federal budget.  Timely weekly figures on jobless insurance claims, mortgage applications, consumer comfort, energy inventories and chain store sales will also be gleaned for clues.

Canada reports building permits and housing starts, trade numbers, labor statistics and home prices.  Mexico and Brazil both release consumer prices.

Japan has scheduled for release money and credit growth, the current account, the index of leading economic indicators, and the economy watchers index.  Elsewhere from Asia, China reports monthly consumer prices, producer prices, retail sales, industrial production, trade, and money and credit growth.  Trade numbers are due too from Malaysia and Hong KongSouth Korea and The Philippines release producer prices, and Indonesia and Hong Kong report GDP.  India announces its latest industrial output numbers.

Several British statistics are slated: same store sales, shop prices, the RICs house price balance barometer, industrial production, producer prices, trades, and monthly GDP.  Swiss consumer prices, consumer confidence, trades, and unemployment are scheduled.  From Europe’s Nordic outposts, investors will get consumer prices and industrial production for Denmark, Norway, and Sweden.  The Danish current account is also scheduled.

Euroland’s Sentix index of investor confidence is one of the few whole area statistics set for release, but their will be many national data reports, led by German industrial production, industrial orders, current account, wholesale prices and consumer prices; French, Spanish, Greek, Dutch and Finnish industrial production; French, Finish, and Portuguese trades, and Dutch and Portuguese consumer prices.

Australia reports labor statistics, business conditions and confidence, trade numbers, retail sales, building permits and job ads.  Turkey and South Africa release industrial production, while New Zealand reports food prices.

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

ShareThis

Comments are closed.

css.php