Next Week

August 14, 2009

The week to August 21st has a comparatively light data and events calendar.  There will be central bank meetings in Mexico, the Philippines and Turkey, but only the last is expected to produce a rate reduction.  The 32nd annual Jackson Hole Economic Symposium, sponsored by the Kansas City Fed, will be held late in the week.  This happening brings together mucky mucks from the Federal Reserve and elsewhere to share ideas, create headlines, and plan policy.  This year’s conference theme is “Financial Stability and Macroeconomic Policy,” and Chairman Bernanke is a speaker on Friday.

Euroland’s week will be quiet.  The slate prior to Friday consists of trade and current account figures for the bloc, ZEW investor sentiment surveys for the whole euro area and for Germany, Dutch and Belgian consumer confidence, and the German PPI.  The most important release on Friday will be preliminary PMI readings for Euroland, France, and Germany.

Scheduled British releases include consumer and retail prices, retail sales, the CBI monthly business survey, the Rightmove house price index,  M4 growth, and the monthly budget data.  Norwegian GDP, Norwegian and Swiss trade figures, Swedish capacity usage, and Swiss retail sales arrive next week as well.  The Czech Republic and Poland report producer prices, and Poland also releases industrial production.

Data due from the United States include the Philly and New York Fed manufacturing indices, housing starts and permits, existing home sales, producer prices, and the Treasury report on international capital movements.  There’s also the usual weekly assortment of jobless claims, energy inventories, mortgage applications, chain store sales, and consumer confidence.

Canada releases consumer prices, the index of leading economic indicators, and security transactions with non-residents.

South African 2Q GDP gets reported, as do the Australian index of leading economic indicators and New Zealand producer prices.

Chinese foreign direct investment, the Taiwanese GDP and current account, the Filipino balance of payments and Hong Kong consumer prices and unemployment will be released in Asia.  Out of Latin America will come figures for Chilean GDP and its current account, Colombian industrial production and retail sales, Mexican GDP and retail sales, and Brazilian unemployment.

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


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