Next Week

October 9, 2009

Monday will be a holiday in several markets: Columbus Day in the U.S., Argentina and Chile, Sports Day in Japan, Dia de la Raza in Venezuela , Children’s Day in Brazil, Thanksgiving Day in Canada and National Day in Spain.  However, China will enjoy its first full calendar week of October.

Central bank meetings are scheduled in Japan, Mexico, Chile and Turkey; only the latter is likely to cut rates.  The ECB Bulletin, FOMC minutes and Bank of Japan monthly assessment will be published next week.  Speaking publicly for the Fed will be Bullard, Kohn, Dudley, and Tarullo.  Doing the same for the ECB will be Trichet, Tumpel-Gugerell, and Bini-Smaghi.  Chief Bank of England economist and MPC member Charles Bean does similar honors.

U.S. releases include retail sales, consumer prices, business inventories, import prices, the National Federation of Independent Business Index, the New York and Philly Fed indices, the IBD/TIPP index of optimism, Treasury-reported capital flows, U. Michigan consumer confidence, and the full Fiscal 2009 budget.

Elsewhere in the Western Hemisphere, Canadian auto sales, consumer prices, home prices, and monthly survey of manufacturers are due.  Selected Latin American figures include Brazilian retail sales and the Argentine CPI and WPI.

Japan will report money and lending growth, corporate goods prices, consumer confidence, and revised industrial production.  The monthly shadow Tankan diffusion indices, which Reuters compiles to approximate the central bank quarterly series, is due too.

From other Asia, Chinese money and credit figures are due.  So are monthly trade flows.  South Korean unemployment, Singapore retail sales and Malaysian industrial output are some of the other Asian statistics due for release.

From Australia, consumer confidence, business sentiment and business conditions will be released.  New Zealand announces quarterly consumer prices and monthly home prices and retail sales.  South Africa also reports retail sales, while Turkey and Israel respectively release current account and CPI data.

From Europe, Euroland trade figures, consumer prices, and industrial production are due.  Germany releases wholesale prices and the ZEW index of investor sentiment.  French, Italian, and Spanish consumer price data are scheduled, as are Italian trades.  The Czech Republic will report producer prices, retail sales and the current account.  Romania and Poland also release current account reports, while Hungary reports consumer prices.

The British data calendar has same-store sales, a Chamber of Commerce survey, unemployment, consumer prices, wage earnings, and two housing price indices, one from the Royal Institute of Surveyors and the other from the government’s DCLG.

The Norwegian budget, monthly trade figures,and regional economic survey are due.  So are Swedish unemployment and consumer prices and Swiss producer and import prices.

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


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