Next Week

June 20, 2014

Central bank monetary policy meetings will be held next week in Israel, Brazil, Turkey, the Czech Republic, Taiwan and Hungary.  The Governors of the Bank of England and the Bank of Japan have public speaking engagements, as to Federal Reserve regional bank presidents Plosser, Bullard and Lacker. 

Political leaders in the European Union hold their semi-annual summit on Thursday and Friday.

Next week is the last full one of the second quarter.  Investors will receive reports on a number of Japanese indicators as well as several preliminary purchasing manager surveys.

Japan’s data calendar includes corporate service prices, consumer prices, retail sales, household consumption, supermarket sales and unemployment.

PMI surveys arriving next week are the

  • June Chinese preliminary manufacturing survey compiled by HSBC Bank.
  • Japan’s flash manufacturing survey.
  • The flash Ezone, German and French surveys for June, with readings for manufacturing, services and a composite of both compiled by Markit Economics.
  • Markit Economics’ U.S. flash June surveys of manufacturers and service-producing industries.
  • Austria’s manufacturing survey.

Numerous U.S. data releases are scheduled, featuring revised GDP personal income and spending, and durable goods orders.  Several housing market reports arrive: the Case-Shiller and FHFA house price indices and both existing and new home sales.  Timely information on manufacturing will be provided from the Richmond and Kansas City monthly regional surveys and the Chicago Fed National Activity Index, and new readings on consumer confidence will be out from the Conference Board and Reuters/U. Michigan.  The usual bunch of weekly figures covering jobless insurance claims, consumer comfort, mortgage applications, chain store sales and energy inventories will draw keen interest, too.

Canada reports producer prices and average weekly earnings.  Mexican trade numbers and Brazilian consumer confidence, unemployment and current account are some of the notable upcoming Latin American releases.

Regarding China, market participants will learn the latest results of consumer sentiment, corporate profits, and the Conference Board index of leading Chinese economic indicators.  Singapore and Hong Kong release CPI data.  South Korea reports both consumer sentiment and industrial production, and both trade numbers of both the Philippines and Hong Kong are due.

Besides the aforementioned PMI surveys, Euro-area sentiment indices and index of leading economic indicators are scheduled.  Germany will release consumer prices, retail sales, import prices and the IFO-compiled business climate index.  France’s slate of data due next week shows consumer and business confidence, producer prices, GDP, and consumer spending.  Italian consumer and business sentiment also will get reported, along with that economy’s retail sales and wage growth.  Spain releases its CPI, PPI and retail sales, while Portugal reports business and consumer confidence.  Like Italy, Cyprus releases some labor market figures.  Irish, Greek and Finnish producer prices arrive, as does Dutch and Irish GDP.

The main British report will be revised GDP and the first-quarter current account.  Other U.K. statistics coming out include both the Hometrack and Nationwide house price measures, consumer confidence, the CBI’s survey of distributive trades, and BBA’s compilation of mortgage applications and lending.

Swiss and Swedish trade figures arrive.  So does the Swiss current account, Swedish producer prices and Icelandic wage and consumer price inflation numbers.

Investors will get new information about Australian consumer confidence, New Zealand trade and business sentiment, and South African producer price inflation.

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



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