Next Week

August 16, 2013

Central Bank meetings are scheduled in Turkey, Israel, Thailand and Iceland.  Minutes from the last FOMC and Reserve Bank of Australia meetings will be published.

There may be less interest than usual in the Jackson Hole Symposium hosted by the Kansas City Fed because Fed Chairman Bernanke will not be attending, and fewer stars are presenting speeches than in past years.  Janet Yellin will be participating on a panel discussion.  The Symposium runs from Thursday to Saturday.

Featured data releases by day of the week include Japanese trade on Monday and all industry index on Tuesday, U.S. existing home sales and China’s index of leading economic indicators on Wednesday, preliminary Chinese and Euroland PMI reports on Thursday, and German and British GDP figures on Friday.

Other scheduled reports on the U.S. economy are the Chicago Fed National Activity Index, both new and existing home sales, The FHFA index of house price inflation, the Kansas City Fed manufacturing index, the Conference Board’s index of leading economic indicators, Markit’s preliminary manufacturing PMI reading and weekly checks of jobless insurance claims, consumer comfort, chain store sales, energy inventories, and mortgage applications.

In addition to the all-industry index, Japan’s data calendar shows supermarket sales, department store sales and the index of leading economic indicators.

Some of the other Asian releases will be Chinese house prices, foreign direct investment and leaders index; Singapore wholesale and consumer prices; and Malaysia’s current account and CPI index.

Canadian consumer prices, retail sales and wholesale turnover data are due.  So are the Brazilian and Mexican current accounts.  Other Mexican reports will be for retail sales, wholesale sales, and the index of leading economic indicators.

A number of nations release GDP numbers: Israel, Germany, Britain, Norway, Malaysia, Chile, Mexico, and Thailand.

Besides PMI data (manufacturing, services, and a composite index) for the whole euro area and Germany and France individually, Euroland-wide statistics on construction output and consumer confidence are arriving.  So are German producer prices, import prices and leaders index; Spain’s trade balance; the Greek current account; Irish and Portuguese producer prices; Dutch and Belgian consumer confidence; Dutch consumer spending; and Belgian business sentiment.

From Britain, investors will get the Rightmove house price index, public-sector financials, the CBI survey of industrial trends, and the British Bankers Association total of mortgage applications.  Some other European releases next week to watch for are Swiss M3, reserves and trade surplus, Swedish unemployment, Danish and Russian retail sales, Icelandic consumer prices and wage costs, and Swedish and Danish consumer confidence.

Down under releases will feature New Zealand quarterly producer prices, expected CPI inflation and service-sector purchasing managers index, plus Australian auto sales and index of leading economic indicators.

Two South African releases will be the consumer price index and the index of leading economic indicators.

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



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