Next Week
August 27, 2009
The last week of summer begins with a Japanese election on Sunday and a British banking holiday on Monday and ends with any early Treasury market closing on Friday ahead of the U.S. Labor Day Weekend. Central bank interest rate policy meetings are scheduled in Australia, Sweden, Indonesia, Euroland, and Brazil, but no changes are anticipated. FOMC minutes will be released Wednesday, and both Shirakawa and Trichet will be speaking publicly.
Many countries will be releasing monthly purchasing manager indices. Most of the manufacturing sector reports arrive on Tuesday, and the service sector data mostly follow on Wednesday. Britain also reports a construction PMI. These are for August.
The monthly labor force survey on Friday heads the list of other scheduled U.S. releases. Factory orders, pending home sales, auto sales, productivity and unit labor costs and the Dallas Fed index are on the calendar, plus the usual weekly releases like jobless claims, energy stocks, and chain store sales.
Canada releases GDP and labor statistics. Australia reports GDP, trades, and building approvals. South Africa announces the current account and trades, and Turkey chimes in with its CPI, PPI and trades, and India does the same with GDP.
Aside from many PMI announcements, Euroland has scheduled the preliminary estimate for its CPI as well as retail sales, unemployment, and new EU Commission forecasts for the region. German reports retail sales and labor statistics. France releases unemployment and public finances. Italy and the Netherlands report consumer prices, and Italy also announces trade data.
From Britain investors get mortgage approvals, M4, and new car sales. Norwegian retail sales and trade data are due too. So are Swiss GDP and CPI, and Swedish wages.
Brazil reports industrial production and trade figures, while Mexico releases consumer confidence. South Korea will be announcing industrial production, consumer prices, GDP growth and trade figures. Indonesia, Thailand, and the Philippines each announce consumer prices.
Besides its election, Japan’s monthend slew of data releases continues with industrial production, retail sales, auto sales, housing starts, construction orders, the monetary base, wages and, last but not least, the Ministry of Finance’s quarterly indication of business investment.
Copyright Larry Greenberg 2009. All rights reserved. No secondary distribution without express permission.
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