Next Week
July 27, 2012
A meaty week of central bank events and released economic data lies ahead. Monetary policy decisions will be announced by the Federal Reserve, European Central Bank, Bank of England, Czech National Bank, National Bank of Romania and Reserve Bank of India. The ECB decision on Thursday will be followed by an all-important press conference. The FOMC decision will be made at 14:15 local time and not include a press conference. On Wednesday, parts of Canada observe a civic holiday, and Switzerland will be closed for National Day.
Numerous purchasing managers surveys are being released. Some of the manufacturing reports will be made by Japan, the United States, the euro area, Germany, France, Austria, the Netherlands, Ireland, Greece, Italy, Spain, Poland, the Czech Republic, Britain, South Africa, Brazil, China, Russia, Turkey, Saudi Arabia, the UAE, Hong Kong, Mexico, Australia, Switzerland, Sweden, Canada, Norway, Denmark, and Hungary. A retail PMI arrives for Euroland, including sub-indices for Germany, France, and Italy. Service-sector PMIs are reported for Japan, China, the United States, Euroland, Italy, Spain, France, Germany, Ireland, Britain, Russia, India, Brazil, and Australia.
Other scheduled U.S. releases are the monthly jobs survey, the ADP estimate of private jobs, the Dallas Fed index, the NAPM index, the Case Shiller house price index, personal spending and income, auto sales, regional mid-western PMIs, the employment cost index, factory orders, construction spending and weekly numbers for jobless claims, energy inventories, consumer comfort, chain store sales and mortgage applications.
Japan reports household spending, industrial production, auto sales and production, labor statistics, housing starts, construction orders, wage earnings, and the monetary base.
Britain’s data calendar shows money and credit growth, the Halifax and Nationwide home price indices, shop prices, consumer confidence, and the distributive trends survey. Sweden reports GDP, and Norway and Denmark release unemployment. Swiss retail sales arrive, too. Hungarian producer prices and Romanian retail sales are scheduled.
Euroland’s monthly sentiment gauges are due on Tuesday. Producer prices, consumer prices and unemployment are other planned Ezone-wide releases next week. Germany will be releasing unemployment and retail sales, and France announces producer prices and real consumer spending on manufactured goods. Italy reports both consumer and producer prices as well as unemployment. Greece and Portugal release retail sales. Spain and Belgium report GDP. Holland releases producer prices, while Irish unemployment is due, too.
Canada will be releasing monthly GDP, plus producer and raw material prices. Brazilian labor statistics, trade figures, and industrial output, Peruvian consumer prices, and Mexican consumer confidence will be some of the Latin American data highlights in the coming week.
Turkish and South African trade numbers are due. South Africa also reports labor statistics and money and credit growth.
Both Australia and New Zealand will be reporting commodity price trends and building permits. Australia also has scheduled the release of trade numbers, retail sales, home prices and new home sales, while New Zealand business sentiment is due.
Copyright, 2012, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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