Next Week

December 14, 2012

Central banks hold monetary policy meetings next week in Japan, Sweden, Norway, the Czech Republic, Hungary, Turkey, and India.  The Bank of Japan, Bank of England, and Reserve Bank of Australia will publish minutes of a previous meeting.  The Bank of England’s quarterly Bulletin also arrives.

Japanese voters elect members to the lower house of parliament this Sunday.  The vote is expected to return Shinzo Abe to prime minister.

Scheduled U.S. data releases include the Empire State, Philly Fed, and KC Fed manufacturing indices, The Chicago Fed National Activity Index, existing home sales, housing starts, and the NAHB housing index, personal income and spending, the U. Michigan consumer sentiment index, revised GDP, the index of leading economic indicators and weekly observations of energy inventories, jobless claims, chain store sales, consumer comfort, and mortgage applications.

Japan will be reporting supermarket sales, department store sales, and the all industry index.  Chinese foreign direct investment, property prices and business sentiment arrive.  Malaysia and Hong Kong release consumer price figures.

Euroland’s data release calendar shows labor costs, the current account and trade balance, and construction output.  Germany will be reporting the IFO business climate index, import prices, and producer prices.  France releases producere prices and business sentiment, while Italy reports retail sales, consumer confidence and industrial orders.  Dutch GDP, unemployment, consumer confidence and consumer spending are due.  Belgian business sentiment and consumer confidence are arriving.  Spain and Finland report producer prices, while Greece announces its current account.  Irish GDP and producer prices are on tap, too.

Britain has a busy data release week, covering public finances, consumer and producer prices, the distributive trends survey, retail sales, the Rightmove house price index, the DCLG property price index, the current account and final revision of GDP,  and consumer confidence. Sweden will be reporting the PPI and consumer sentiment.  Swiss and Norwegian trade figures arrive.  Denmark reports retail sales, while Iceland releases consumer prices. Polish industrial output and producer prices and Hungarian retail sales are a few of the upcoming east European releases.

Australia and Turkey release consumer confidence.  Australian and South Africa have indices of leading economic indicators due.  New Zealand reports on GDP, the current account, business sentiment and the service-sector PMI.

From Canada, investors will get the latest data on consumer prices, existing home sales, retail sales, wholesale turnover, average earnings and monthly GDP.  Mexico is reporting unemployment and retail sales.

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

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