Next Week
July 24, 2010
Among central banks holding interest rate meetings in the final week of July, those in India and New Zealand seems inclined to tight 25 basis points, while those in Poland and Israel are expected to leave their stances unchanged.
As is its custom, Japan will be releasing many key indicators near monthend covering the trade balance, industrial production, retail sales, auto output, housing starts, construction spending, small business sentiment, consumer prices, labor market conditions, and a monthly Tankan survey simulation calculated by Reuters.
Scheduled U.S. data include the first estimate of second-quarter GDP growth, plus the Richmond, Dallas, and Kansas City Fed indices, new home sales, the Case-Shiller house price index, the Fed Beige Book, the employment cost index, durable goods orders, mid-western PMI indices, and both the Conference Board and U. of Michigan indices of consumer confidence. Weekly figures covering mortgage applications, chain store sales, energy inventories, jobless insurance claims, and consumer confidence will be scrutinized, too.
Germany reports retail sales, consumer prices, import prices, consumer confidence, and unemployment. France and Italy also announce PPI figures while Spain, Italy, and the Netherlands release consumer prices. Dutch business sentiment and Belgian GDP arrive, as do Hungarian retail sales.
Released full-euro area statistics next week will be M3, bank credit, consumer and industrial sentiment, unemployment and consumer price inflation.
A fair number of releases will be made in Britain, Sweden, and Switzerland.
- From Britain, investors get to see the latest Nationwide and Hometrack house price readings, the CBI retail sector monthly survey results, M4 growth, consumer confidence, and mortgage approvals.
- Sweden releases trade figures, consumer confidence retail sales, producer prices and real GDP.
- Switzerland’s consumption indicator and index of leading economic indicators are due, too.
Australia’s data calendar has home prices, private-sector credit, and index of leading economic indicators. New Zealand unveils indices for the trade position, business sentiment, housing permits and money growth. Turkey and South Africa also report trade data. Turkish capacity usage and South African consumer prices are due, too.
Canada will be releasing producer prices, monthly GDP including industrial production, and raw material prices. Brazil announces its current account.
Thailand and Hong Kong trade figures are due. Thailand also is set to report industrial production.
Copyright Larry Greenberg 2010. All rights reserved. No secondary distribution without express permission.
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