Next Week

August 22, 2010

Central bank meetings in the coming week scheduled in Israel, Hungary, Poland,  and the Philippines are not expected to result in any changes of interest rates.  Thai monetary officials, however, probably will tighten further.  Fed Chairman Bernanke delivers an important speech at the annual Jackson Hole Symposium on Friday.

In the euro area, preliminary purchasing manager indices get published on Monday for the bloc as a whole and Germany and France individually.  Other scheduled statistics will be Euroland money and credit growth, industrial orders, revised German GDP, the IFO German business climate index, German consumer prices, Belgian consumer and business confidence, German, Dutch and Italian consumer confidence, and Spanish GDP.

The slate of British indicators includes the monthly CBI retail survey, business investment, revised 2Q GDP, and mortgage loans.  Sweden reports consumer confidence, retail sales, the trade balance, and labor statistics.  Norway announces unemployment, while Switzerland reports employment, and the index of leading economic indicators.

Upcoming U.S. releases cover durable goods orders, new and existing home sales, the FHFA house price index, the K.C. and Richmond Fed indices, revised GDP, the U. Michigan consumer sentiment gauge, and weekly figures on energy stocks, new jobless insurance claims, chain store sales, mortgage applications and consumer confidence.

Japan reports corporate service prices, customs trade statistics, consumer prices, household spending, and labor statistics.

Other Asian data releases include Taiwanese and Singaporean industrial production, Thai GDP, Hong Kong trade and the South Korean trade balance.

South Africa reports 2Q GDP, consumer prices, and producer prices, while Turkey releases capacity utilization.  Australia’s index of leading economic indicators and New Zealand’s measure of expected inflation are due as well.

Canada releases retail sales, and Mexico reports GDP, the current account and unemployment.

Copyright Larry Greenberg 2010.  All rights reserved.  No secondary distribution without express permission.


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