Next Week

March 28, 2014

The upcoming week includes the cusp between the first and second calendar quartersEuropean clocks move up an hour on March 30, restoring the normal 5-hour gap between New York and London and 6-hour difference between Paris and New York.

A slew of manufacturing, service-sector, and composite purchasing manager surveys will be released, as well as euro area retail PMIs and British and German construction PMIs.

Central bank meetings in India, Euroland, Brazil, and Australia.  The Bank of Japan’s quarterly Tankan survey of business conditions, expectations, and sentiment gets reported.  Yellen and Bullard of the Fed speak publicly.  ECB President Draghi holds a press conference, and Reserve Bank of Australia Governor Stevens also speaks publicly.

A two-day meeting of EU finance ministers will be held.

The U.S. data release calendar features the trio of labor market reports (weekly jobless insurance claims plus the monthly ADP and Labor Department figures).  Besides national manufacturing and non-manufacturing PMIs from the Institute of Supply Management, regional PMIs for Chicago, New York and Milwaukee arrive.  Other monthly releases include construction spending, the trade deficit, the Dallas Fed manufacturing index, the IBD/TIPP optimism index, and factory orders.  Weekly reports are due on energy inventories, chain store sales, mortgage applications, consumer comfort as well as jobless insurance claims.

Japan reports industrial production, auto output and sales, construction orders, housing starts, labor cash earnings and the monetary base.

Some other Asian releases will be Thai, South Korean, Indonesian, and Filipino consumer prices, Thai and Filipino producer prices, Malaysian, Thai, Indonesian and possibly Chinese trade, the South Korean current account and Hong Kong retail sales.

In addition to many PMI reports, investors will get the latest data for euro area consumer prices, unemployment, producer prices, retail sales and revised GDP; German retail sales unemployment and industrial orders; Italian consumer prices and unemployment; Cypriot producer and consumer prices; Portuguese business and consumer sentiment, retail sales and industrial production; Dutch and French GDP, and Greek retail sales.

Three British house price indices (Hometrack, Halifax and Nationwide) are due.  U.K. car sales and money growth are also scheduled.  The Swiss current account, Norwegian retail sales, Danish GDP and Swedish industrial output figures arrive. 

Canadian monthly GDP, PPI, average weekly earnings, trade and labor statistics arrive.  Mexico releases consumer confidence, while Brazil reports trade and industrial output data.

Australian private credit, new home sales, retail sales and trade figures are on tap, as are New Zealand business sentiment and building consents.  South Africa reports money and credit growth as well as the trade deficit.  Turkey releases GDP and both the CPI and PPI.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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