Next Week

May 13, 2016

Central Banks:  Monetary policy meetings in Indonesia, South Africa, Malaysia, Chile and Serbia.  Minutes of past policy meetings to be released by the FOMC, Reserve Bank of Australia, European Central Bank and Bank of Japan.  Fed officials speaking publicly:  Lockhart, Williams, Kashkari, and Kapan.  Praet of the ECB and Wheeler and DeBelle of the Reserve Bank of Australia also have public speaking opportunities.

Holiday Observance:  Whit Monday in Germany and Switzerland.

U.S. Primaries on May 17:  Oregon and Kentucky for Democrats.  Oregon only for Republicans.

Scheduled U.S. Data Releases:  Consumer prices, industrial production, capacity usage, housing starts, building permits, NAHB housing index, existing home sales, Empire State and Philly Fed manufacturing indices, Chicago Fed National Activity Index, Treasury-compiled capital flows (TIC), and weekly jobless insurance claims, chain store sales, energy inventories, mortgage applications and consumer comfort.

China Releases:  Retail sales, industrial production, money and bank lending growth, fixed asset investment, business sentiment and property prices.

Japanese Statistics:  GDP, machinery orders, machine tool orders, department store sales, supermarket sales, revised industrial production, capacity use, all industry index, and corporate service prices.

Selected Other Asian Statistics:  Indian, Indonesian, Singaporean and South Korean trade figures.  Thai GDP and Hong Kong unemployment.  Indian wholesale prices and index of leading economic indicators.

Euroland:  Consumer prices, construction output, current account and trade balance.

Members of Eurozone:  German and Portuguese producer prices.  German and French indices of leading economic indicators.  Spanish, Dutch and Italian trade balances.  Italian and Portuguese current accounts.  Dutch unemployment, Belgian consumer confidence, Austrian CPi and Portuguese GDP.

Britain and Switzerland:  British and Swiss producer prices.  British retail sales, labor statistics, CPI, RPI, DCLG house price index, Rightmove house price index, industrial trends survey, and index of leading economic indicators.

Eastern Europe:  Czech producer prices and GDP.  Polish retail sales and industrial output.

Nordic Europe:  Icelandic consumer prices and unemployment.  Norwegian trade balance.  Danish producer prices and retail sales.

Australia and New Zealand:  Australian employment and unemployment, consumer confidence, motor vehicle sales, and first-quarter labor costs.  New Zealand PPI, consumer sentiment, and services purchasing managers index.

Canada: Retail sales, consumer prices, wholesale turnover, and existing home sales.

Latin America:  Mexican GDP and current account.  Mexican and Brazilian indices of leading economic indicators.

Turkey and South Africa:  Turkish unemployment.  South African retail sales and consumer prices.

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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