Next Week

March 8, 2013

Central banks hold interest rate policy meetings next week in New Zealand, Russia, the Philippines, Switzerland, Norway, South Korea, India, and Chile.  Japan’s parliament will be voting to confirm Prime Minister Abe’s nominations for BOJ governor and both deputy governors.  The Bank of Japan releases minutes of its February Board meeting, and the Bank of England publishes its quarterly Bulletin.

EU political leaders will be holding a summit in Brussels on Thursday and Friday.

Many countries will be reporting consumer prices, industrial production and/or trade figures.

  • CPI releases are scheduled in the U.S., Germany, China, Denmark, the Czech Republic, Romania, Hungary, Sweden, Portugal, France, Spain, Euroland, Finland, Poland, Ireland, and Austria.
  • Industrial production data arrives in the United States, France, China, South Africa, Malaysia, Britain, India, Mexico, Romania, Euroland, Hong Kong, Hungary, the Czech Republic, and the Netherlands.  Japan reports revised industrial output and capacity usage.
  • Trade numbers are due in India, Germany, Malaysia, Britain, Finland, Portugal, Denmark, the Netherlands, Norway, and Belgium.

In addition to the CPI and industrial production, the U.S. releases small business sentiment, retail sales, the monthly budget, business inventories, the JOLTS job layoff and hires, import prices, producer prices, the quarterly current account, the TIC monthly capital flows, the U. Michigan consumer sentiment index, the Empire State manufacturing index, and weekly numbers for chain store sales, jobless insurance claims, energy inventories, consumer comfort, and mortgage applications.

Japan’s data calendar shows machinery orders, machine tool orders, money growth, MOF’s quarterly estimates of business sentiment, corporate goods prices, and consumer confidence.

China will be releasing the PPI, CPI, foreign direct investment, retail sales, industrial production fixed asset investment, money growth and bank lending.

Some of the other Asian releases next week are Indian wholesale prices, South Korean and Filipino unemployment,  Hong Kong producer prices and Singapore retail sales.

Euroland reports labor costs and 4Q unemployment.  Germany’s current account, labor cost index and WPI are scheduled.  So are France’s current account and employment growth, Italian, Greek and Portuguese GDP, the Irish construction PMI, and both Dutch and Finnish retail sales.

In Britain, the Royal Institute of Chartered Surveyors’ house price balance index is due as is the monthly GDP estimate from the National Institute of Economic and Social Research, the index of leading and coincident economic indicators, and the aforementioned trade deficit and industrial production reports.

Besides the quarterly SNB review of monetary policy, Switzerland has a number of releases next week:  retail sales, unemployment, and producer and import prices.  Denmark, Norway, and the Czech Republic also report producer prices.  Czech GDP and retail sales arrive, too.

Canada releases quarterly capacity utilization as well as monthly new home prices. 

Regarding Australia, investors will learn the latest estimates of business confidence and conditions, home loans, consumer confidence, expected inflation, and most importantly labor statistics.  New Zealand home prices, food prices, factory PMI, and consumer price data are due.  So are the Turkish and South African current accounts.  South African wholesale turnover also gets released.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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