Next Week

March 4, 2018

Special Events: Italian parliamentary election on March 4th and announced details of U.S. tariffs.

Central Banks: Monetary policy meetings scheduled in Australia, Japan, Canada, Euroland, Malaysia, Turkey, Peru, Serbia, Romania, and Poland. The Fed Beige Book of regional conditions will be published, and Dudley, Rosengren, Bostic, Kaplan, and Quarles will be speaking publicly. So will ECB President Draghi, Bank of Canada Governor Poloz, Bank of Japan Governor Kuroda and Reserve Bank of Australia Governor Lowe.

Purchasing Manager Surveys: Service sector surveys for Australia, Japan, Euroland, China, Germany, Italy, France, U.K., India, Brazil, U.S. and India. Manufacturing or private for South Africa, Hong Kong and Singapore. Non-oil for Egypt, Saudi Arabia, U.A.E. and Lebanon. Construction PMIs of Australia and Germany. Retail PMIs of Euroland, France, Germany and Italy.

Scheduled U.S. Economic Data Releases: Nonfarm payroll jobs, unemployment, average hourly earnings, ADP estimate of private sector jobs, factory orders, consumer credit, trade deficit, federal monthly budget, productivity, unit labor costs, and weekly jobless insurance claims, consumer comfort, mortgage applications, chain store sales and energy inventories.

Euroland: GDP, retail sales, Sentix gauge of investor sentiment, and quarterly labor costs.

Members of the Euro Area: German industrial production, industrial orders, current account, and trade balance. French business sentiment, current account, trade balance, and industrial output. Spanish and Irish industrial production. Greek and Austrian trade. Dutch and Greek consumer prices. Greek unemployment, Irish retail sales, and Austria’s WPI.

U.K. and Switzerland: British trade, industrial production, construction output, monthly GDP, Halifax house price index, and RICs house price balance index. Swiss CPI, unemployment, and UBS consumer sentiment.

Nordic Europe: Norwegian and Swedish current accounts. Norwegian and Danish CPI. Norwegian PPI, Danish industrial output, and Icelandic GDP.

Eastern Europe: Hungarian and Romanian GDP and retail sales. Czech and Hungarian CPI. Hungarian industrial output. Czech unemployment and trade.

Japan and China: Japanese GDP, current account, reserves, bank lending, bankruptces, real cash earnings, and index of leading economic indicators. Chinese trade, CPI and PPI.

Selected Other Asian Releases: Thai, South Korean, and Filipino CPI. Thai and Filipino PPI. Filipino trade balance.

Canada: Productivity, unit labor costs, trade balance and IVEY-PMI index.

Brazil, Turkey, and South Africa: Brazilian and South African industrial production. Turkey’s CPI and PPI.

Australia and New Zealand: Australian GDP, trade, retail sales, current account, construction approvals, and corporate profits. New Zealand manufacturing index.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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