Next Week

September 15, 2017

Central Banks: Monetary policy meetings next week will be held at the Federa Reserve, Bank of Japan, and in Norway, Hungary, South Africa, The Philippines and Indonesia. The FOMC meeting will update macroeconomic forecasts and be followed by Janet Yellen’s press conference. BOJ Governor Kuroda and Bank of England Governor Carney also will be speaking publicly next week, and the Reserve Bank of Australia is publishing minutes from its Board meeting held earlier than month.

Holidays: Japan closed Monday for Respect for the Aged Day and Friday for the autumnal equinox. Indonesia observes the Islamic new year on Thursday.

Scheduled U.S. Economic Statistical Releases: Quarterly current account. Monthly housing starts, building permits, FHFA house price index, existing home sales, NAHB housing index, and index of leading economic indicators. Weekly jobless insurance claims, consumer comfort, energy inventories, mortgage applications and chain store sales.

Japanese Data: Customs trade, the all industry index, and supermarket and department store sales.

Selected Other Asian Indicators: Malaysian and Hong Kong consumer prices and unemployment. South Korean producer prices, Chinese property prices, Singapore’s trade balance and India’s index of leading economic indicators.

Euroland: Preliminary manufacturing and service-sector purchasing managers indices based on about 85% of all information to be collected ultimately. Consumer prices, the current account, construction output, consumer confidence, and the ZEW Institute’s index of investor sentiment.

Members of Euro Area:  German PPI, ZEW index of investor sentiment, and preliminary PMI surveys. French GDP and PMI survey results. Italian, Greek, and Portuguese current accounts. Italian and Spanish trade balances. Belgian consumer and business sentiment. Austrian CPI, Portuguese PPI, and Dutch GDP.

U.K. and Switzerland: British retail sales, Rightmove house price index, public sector borrowing, and industrial trends survey. Swiss trade surplus, money growth and revised economic forecasts from the government.

Eastern Europe: Polish retail sales and industrial production. Polish and Czech producer prices. Hungarian current account.

Nordic Europe: Icelandic consumer prices and wage costs. Danish retail sales and consumer confidence.

Australia and New Zealand: Australian auto sales, building permits, home prices and index of leading economic indicators. New Zealand GDP, current account and consumer sentiment.

Turkey and South Africa: Turkish consumer confidence and South African consumer prices.

Canada: Consumer prices, retail and wholesale sales, and the survey of manufacturer sales, orders and inventories.

Brazil and Mexico: Brazilian consumer confidence and index of leading economic indicators. Mexican retail sales and wholesale turnover.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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