Next Week

June 7, 2013

During the coming week, central bank meetings are scheduled in Japan, Indonesia, South Korea, Iceland, the Philippines, New Zealand, and Chile.  Minutes from the Bank of Japan’s May 21 meeting arrive, and the BOJ monthly report, the ECB monthly Bulletin, and the Bank of England quarterly Bulletin get published.  Germany’s Constitutional Court will be ruling on the legality of the European Central Bank’s Outright Monetary Transactions facility.

Australian markets are closed Tuesday in observance of the Queen’s birthday, and an International Economic Forum convenes Tuesday in Montreal.

Several U.S. economic indicators get released: retail sales, industrial production, the first-quarter current account with annual benchmark revisions, producer prices, capacity utilization, the TIC batch of capital flow statistics, business and wholesale inventories, the NFIB index of small business sentiment, import prices, the U. Michigan/Reuters consumer sentiment index, the Federal budget, and weekly numbers for jobless insurance claims, mortgage applications, chain store sales, consumer comfort, and energy inventories.

Japan reports revised GDP, money and lending growth, the economy watchers index, the current account, monthly stock and bond flows, business sentiment, machinery orders, corporate goods prices, machine tool orders, and bankruptcies.

This is the week when the bulk of all Chinese monthly data arrive: consumer prices, producer prices, retail sales, industrial output, the trade surplus, fixed asset investment, money and credit growth, and foreign direct investment. 

Elsewhere in Asia, trade figures, wholesale and consumer prices, and industrial production are due in India.  South Korean, Filipino, and Singaporean unemployment are scheduled, along with Singapore’s retail sales and South Korea’s trade balance.

It will be a big week for industrial production releases — covering the U.S., China, India, Euroland, Britain, France, Italy, Greece, Turkey, Mexico, Malaysia, Finland, and Hungary.  An even larger list of CPI reports is on tap, which includes China, the euro area, Sweden, Hungary, Romania, the Czech Republic, Cyprus, Greece, Germany, France, Spain, Italy, Denmark, Portugal, Ireland, Poland Finland, Austria, and India.

Australia’s data calendar next week features labor statistics, consumer confidence, business confidence and conditions, expected inflation, and home loans.  From New Zealand, investors will learn the latest trend in home prices, food prices and the purchasing managers index. Turkey releases the current account and GDP, while South Africa’s data release highlight next week involves retail sales.

Canadian releases will include housing starts and prices, capacity utilization and monthly survey of manufacturing sales, orders, and inventories. Brazilian retail sales are also due.

Besides industrial output and consumer prices, Euroland statistics next week include quarterly employment and the Sentix gauge of investor sentiment.  The French current account, Italian GDP, German import and wholesale price indices, and Irish and Dutch trade balances are some of the scheduled Ezone member releases.

Some upcoming British data reports are the NIESR estimate of monthly GDP, the Royal Institute of Chartered Surveyors house price index, wage earnings, unemployment and construction output.  Swiss producer prices, retail sales and unemployment are arriving, as well as Czech unemployment, Romanian trades, and Norwegian producer prices.

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

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