Next Week

December 27, 2013

Next week bridges 2013 and 2014.  No holiday is observed by more countries than January 1st, which bisects the coming business week.  Japanese markets will also be closed on Tuesday, Thursday and Friday.  Many other markets will close early on New Year’s Eve, and several markets will stay shut on Thursday, for example Switzerland and New Zealand.

Next week’s data release calendar is comparatively light and dominated by the release of purchasing manager surveys.  Numerous manufacturing PMIs arrive on Thursday.  On Friday, the British construction PMI and Chinese non-manufacturing PMI arrive.

Aside from the factory PMI, scheduled U.S. data next week include the Dallas Fed manufacturing index, pending home sales, the Chicago, Milwaukee and New York (NAPM) PMIs , construction spending, the Case Shiller house price index, auto sales and weekly figures such as for jobless insurance claims and chain store sales.

The euro area releases money and credit, consumer prices, as well as German, Greek, and Cypriot retail sales, Italian business sentiment consumer prices and producer prices, Dutch producer prices, and Spanish consumer prices.  Portuguese industrial production also arrives.

The British Hometrack and Nationwide house price indices are due.  British M4 and mortgage approvals arrive, too.

Sweden releases industrial production, consumer prices, retail sales, trade balance and current account.  The Swiss index of leading economic indicators is on tap.

Japan has no scheduled releases but Hong Kong trade data, Malaysian producer prices, India’s current account, Thai consumer and producer prices will be reported by other Asian countries.

Australian money and credit and Turkey’s CPI and PPI are due.

Four Fed officials — Bernanke, Plosser, Stern, and Lacker — will be speaking on Friday at a conference in Philadelphia.

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


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