Next Week

July 13, 2009

Interest rate meetings are scheduled this week at central banks in Japan, Thailand, Mexico and Turkey.  Minutes from the last FOMC and Swedish Riskbank meetings will be published.  ECB President Trichet and Bank of Japan Governor will be speaking publicly, and the newest appointed Bank of England policymaker, Posen, testifies.  The monthly ECB Bulletin and Bank of Japan economic assessment arrive.

Scheduled U.S. releases include industrial production, retail sales, producer prices, business inventories, the TIC report on capital flows, the Philly Fed index and Empire State factory index, housing starts, building permits, the NAHB index, monthly Federal budget plus weekly figures on jobless claims, energy inventories, consumer sentiment and chain store sales.

Japan reports revised industrial production, capacity usage, consumer confidence, construction spending, the Reuters Tankan proxy, and the index of leading economic indicators.

Euro area releases include industrial production, consumer prices and trade.  German investor sentiment, French and Italian consumer prices, and Italian orders and trade are due, too.

The slate of British releases includes two gauges of the real estate market (the RICs and DCLG indices) as well as unemployment, worker earnings, consumer prices, and same-store sales.  Swiss producer prices and Norwegian trade figures will be announced also.

East European data releases will feature both Polish and Czech producer prices, Polish industrial production and Czech retail sales.

This is the week each month that features many monthly Chinese statistics: retail sales, trade, industrial production, money and credit growth, producer prices, consumer prices, and fixed asset investment.  Chinese reserves, a quarterly releases, is due, too.  Singapore chimes in with retail sales and industrial production.

From the southern hemisphere comes New Zealand retail sales, consumer prices and house prices, South African retail sales, and Australian import prices and business sentiment.

Brazilian retail sales and Mexican industrial production will be announced.

Copyright Larry Greenberg 2009.  All rights reserved.  No secondary distribution without express permission.


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