Next Week’s Menu: February 29 – March 6, 2020

February 28, 2020

Central Banks: Monetary policies will be reviewed in Poland, Australia, Canada and Malaysia. The Fed Beige Book of U.S. regional conditions will be published, and Mester, Evans, Bullard and George are some of the Fed officials with public speaking engagements. Carney and Haldane of the Bank of England, Weidmann of the Bundesbank and ECB, and Suzuki of the Bank of Japan also speak publicly.

Purchasing Manager Surveys: PMI results for various activities (manufacturing, services, construction, and non-energy private sector) will be reported on Monday-Thursday.

Special Events: There is an OPEC conference in Vienna at the end of the period. The U.S. race to nominate a candidate for president kicks into a higher gear with the South Carolina primary tomorrow, followed by super Tuesday on which primaries will be held in California, Texas, North Carolina, Virginia, Massachusetts, Minnesota, Colorado, Tennessee, Alabama, Oklahoma, Arkansas, Utah, Maine, Vermont, and American Samoa. At stake to be allocated proportionally are 63 delegates in South Carolina, and nearly 1350 in the Tuesday events.

Scheduled U.S. Economic Statistical Releases: Quarterly productivity and unit labor costs. Monthly nonfarm payroll jobs, unemployment, wage growth, factoy orders, trade deficit, ADP estimate of private-sector employment, NAPM New York regional purchasing managers index, IBD/TIPP optimism index and consumer credit. Weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales, and energy inventories.

Japanese Data: Quarterly corporate earnings, sales and investment. Monthly auto sales, monetary base, consumer confidence, labor cash earnings and index of leading economic indicators.

Selected Other Asian Releases: Chinese and Malaysian trade balances. Indonesian and South Korean current accounts. Indonesian and South Korean consumer prices. Filipino unemployment and Hong Kong retail sales.

Euroland: Consumer prices, producer prices, retail sales and unemployment.

Members of the Euro Area: German retail sales and industrial orders. Italian, Spanish, Austrian and Irish unemployment. French current account and trade balance. Italian and Greek GDP. Spanish industrial output and consumer confidence. Italian PPI and retail sales. Dutch CPI.

U.K. and Switzerland: British M4 money, consumer credit, mortgage approvals, RICs house price balance index, and Halifax index of housing prices. Swiss consumer prices and GDP.

Eastern Europe: Romanian and Hungarian producer prices. Czech GDP, Romanian retail sales and Hungary’s trade balance.

Nordic Europe: Norwegian and Danish industrial production. Norway’s current account.

Australia and New Zealand Releases: Australian retail sales, current account, trade balance, GDP, new home sales, house prices, building permits, and corporate earnings. New Zealand house prices.

Turkey and South Africa: Turkish GDP, CPI and PPI. South African current account and GDP.

Brazil and Mexico: Brazilian GDP, PPI, and trade balance. Mexican consumer confidence.

Canadian Data: Quarterly productivity and unit labor costs. Monthly labor market statistics, trade balance and IVEY-PMI index.

Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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