Next Week
May 16, 2014
Interest rate policy meetings are scheduled next week by central banks in Japan, Turkey, South Africa and Iceland. Minutes of the last FOMC and Bank of England meetings will be published. Three of the Fed officials speaking publicly next week are Yellen, Kocherlakota and George.
Canada will be closed Monday for Victoria Day. U.S. markets will close early on Friday ahead of the Memorial Day Weekend.
The U.S. data calendar features existing and new home sales, the K.C. Fed manufacturing index, the Chicago Fed National Activity Index, the index of leading economic indicators, and preliminary results of the manufacturing PMI survey done by Markit Economics. Weekly jobless insurance claims, chain store sales, consumer comfort, energy inventories and mortgage applications will also draw market attention.
In the euro area, construction output, the current account and consumer sentiment are arriving. Key national releases in the currency union include
- German producer prices, GDP and IFO business climate index.
- French business sentiment and index of leading economic indicators.
- Italian retail sales, current account, industrial orders and wages.
- Dutch consumer confidence and consumer spending.
- Belgian consumer confidence and business sentiment.
- Portuguese producer prices and the Greek current account.
Britain will be reporting GDP, producer and consumer prices, retail prices, the Rightmove house price index, the DCLG house price index, retail sales, the industrial trends survey, and public-sector borrowing.
Some other European releases to watch for are Norwegian GDP, Swiss M3 money growth, Danish retail sales and consumer confidence, Icelandic wages, and Polish industrial output and producer prices.
New Zealand consumer confidence and quarterly PPI data are due. So are Australia’s index of leading economic indicators, quarterly labor cost index, and Westpac consumer sentiment index. South Africa releases consumer prices.
Both Canada and Mexico report retail and wholesale turnover. Canadian consumer prices, Chilean GDP, and Brazil’s current account are scheduled, too.
Japan’s data calendar shows customs trade, machinery orders, the all industry index, and both department and supermarket sales.
Other Asia: From China, investors will learn the latest developments in property prices and manufacturing (via the HSBC PMI survey). The Conference Board publishes its index of Chinese leading and coincident economic indicators. Consumer price figures are due from Hong Kong, Singapore and Malaysia. Singapore and Thailand release GDP. South Korean producer prices and consumer confidence, Hong Kong unemployment, and and India’s index of leading economic indicators are due, too.
Copyright 2014, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Economic Data Calendar, upcoming central bank meetings
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