Next Week

October 19, 2012

The Federal Reserve, Swedish Riksbank, Bank of Canada, Reserve Bank of New Zealand, Bankgo Sentral ng Pilipinas, and Bank of Mexico hold interest rate meetings next week.  The chiefs of the Bank of Japan, Fed, and ECB speak publicly.

The final Romney-Obama debate in on Monday, and New Zealand markets are closed that day for Labor Day.

Scheduled U.S. data releases feature the first estimate of third-quarter GDP, a preliminary manufacturing purchasing managers survey, the Chicago Fed national activity index, new home sales, pending home sales, the FHFA house price index, the Richmond Fed manufacturing index, the U. Michigan index of consumer sentiment, durable goods orders, and weekly jobless claims, consumer comfort, chain store sales, mortgage applications, and energy inventories.

Preliminary purchasing manager survey results for Germany, France and the whole euro area head that bloc’s data release calendar.  Other Ezone-wide releases will be money and credit growth, consumer confidence, and the index of leading economic indicators.  From Germany, investors will learn the IFO business climate survey results, retail sales, consumer confidence, import prices and index of leading economic indicators.  French consumer confidence and business sentiment are due.  Italian retail sales, consumer confidence and trades arrive.  Spanish unemployment and PPI index, Dutch and Belgian business sentiment, Greece’s trade balanace, and Finnish producer prices are also on the data calendar.

Like the United States, Britain will be releasing the first estimate of 3Q12 GDP.  The CBI survey of U.K. industrial trends, mortgage approvals, and the Nationwide house price index also get reported in Britain.  Sweden plans several indicator releases: consumer confidence, producer prices, the trade balance, and money growth.  Danish retail sales and consumer sentiment are due.  So are Swiss money growth and Icelandic consumer prices.  Hungary and Poland will be reporting retail sales.  Polish consumer prices and unemployment and Czech business and consumer sentiment data arrive, too.

Australia and South Africa each release CPI data and their indices of leading economic indicators.  New Zealand reports business sentiment and the trade balance.  South African producer prices are arriving, too.

Besides the Bank of Canada’s penultimate interest rate announcement of 2012, average earnings and retail sales are due from that country.  Mexico releases both retail sales and wholesale turnover, while Brazil will be reporting its current account and jobless rate.

Japanese data releases next week comprise consumer prices for the whole nation and for Tokyo, the corporate service price index, and customs clearance trade.   Some of the other arriving Asian statistics will be the Chinese index of leading economic indicators and purchasing managers index for manufacturing, Hong Kong and Filipino trades, Singaporean and Filipino consumer prices, Thai and Taiwanese industrial production, Malaysian unemployment, and South Korean GDP.

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

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