Next Week
February 26, 2010
Next week, the first in March, features the release of the monthly U.S. labor force survey, revised Euroland GDP, a quarterly corporate survey from Japan’s Finance Ministry, numerous purchasing manager survey reports (both manufacturing and services), and central bank policy meetings in Australia, Canada, Britain, Euroland, Indonesia, and Malaysia. The Fed Beige Book will be published, and at least four Fed top officials — Kocherlakota, Lockhart, Lacker and Rosengren — have speaking opportunities to reinforce the message of Chairman Bernanke’s Humphrey-Hawkins testimony.
Aside from the jobs report and the Institute of Supply Management surveys, the list of scheduled U.S. statistics includes personal income and spending, construction spending, auto sales, productivity and unit labor costs, pending home sales, the ADP private employment data and monthly chain store sales. In addition, weekly releases of jobless claims, energy stocks, mortgage applications, and consumer confidence will draw the usual interest.
Japan wraps up last month’s bunch of end-month releases with household spending, unemployment, auto sales, the monetary base and the aforementioned Ministry of Finance corporate survey. Other selected Asian releases will be Indonesian trades and consumer prices, India’s trade balance, South Korean industrial output, consumer prices and trades, Hong Kong retail sales, and Taiwanese and Filipino consumer prices.
Canada reports fourth-quarter and December GDP, building permits, producer prices and the IVEY-PMI index. Australia chimes in with building permits, trade figures, the current account and corporate earnings.
Brazil publishes trade statistics, while Mexico reports consumer confidence. South Africa releases auto sales, and Turkey unveils both consumer and producer prices.
From Euroland comes many PMI figures, unemployment, producer prices and revised GDP. Among the area’s members, German import prices and industrial orders, French unemployment, and Dutch and Italian consumer prices are also due.
Elsewhere in Europe, Switzerland releases auto sales, and Norway reports industrial production. Further east, Hungary announces producer prices, and Romania discloses GDP growth.
Finally from Britain, investors will learn the latest news on M4 growth, mortgage approvals, producer prices, and consumer credit, plus the Nationwide consumer confidence index and Hometrack house price arrive. All of these are second tier stuff. It’s the PMI releases that will draw the most interest.
Copyright Larry Greenberg 2010. All rights reserved. No secondary distribution without express permission.
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