Next Week

November 27, 2010

Central banks hold policy meetings next week in Hungary, Euroland, and Indonesia, and the Fed releases the Beige Book of regional conditions.  RBA Governor Stevens and ECB President Trichet will be speaking publicly.  Among Federal Reserve officials, Bernanke, Bullard, Kocherlakota, Fisher, Plosser, and Yellen have speaking engagements.

Many purchasing manager surveys get released, covering Euroland’s retail sector and manufacturing in South Korea, Japan, the Netherlands, Taiwan, Russia, India, China, Turkey, Poland, Ireland, Euroland, Germany, France, Spain, Italy, Greece, Switzerland, Sweden, Australia, Poland, the Czech Republic, Britain, the United States, Brazil, Denmark, Hungary, Denmark, Norway and South Africa.  Later in the week, Britain releases a construction PMI and service-sector purchasing manager indices arrive for China, Australia, Euroland, Germany, France, Britain, Italy, Ireland, Spain, India, Russia, Hong Kong, Japan, Saudi Arabia, the UAE, and Brazil.

Scheduled U.S. indicators are led by Friday’s Labor Department jobs report but also include the Case-Shiller house price index, mid-western PMI indices, consumer confidence, the ADP private employment estimate, auto sales, pending home sales, Challenger job cuts, monthly ICSC chain store sales, factory orders, as well as weekly data for jobless insurance claims, energy inventories, mortgage applications, consumer confidence, and chain store sales.

Japan will be reporting retail sales, small business sentiment, unemployment, household spending and income, industrial output, construction orders, housing starts, wage earnings, auto production and sales, investment spending, and the monetary base.

Some other Asian releases will be South Korean industrial production and consumer prices and Malaysian trades and producer prices.

Britain’s data calendar next week shows mortgage approvals, new forecasts from the Office of Budget Responsibility, three different house price gauges from Nationwide, Hometrack and Halifax, M4 growth, and consumer confidence.

Sweden releases GDP, retail sales, labor costs and the balance of payments. Swiss consumer prices, retail sales and the UBS consumption indicator index arrive, and so do Norwegian retail sales, wages and balance of payments.

Euroland has several significant releases scheduled such as business and consumer sentiment, unemployment, new car registrations, producer and consumer prices, and revised GDP.  German unemployment, Spanish consumer sentiment, French producer prices and Italian consumer prices, budget figures and unemployment are some of the national indicators getting released from the euro bloc of nations.

Australia releases new home sales, the current account, GDP, and retail sales.  New Zealand announces M3, and business sentiment.  Each of those neighboring lands report building approvals, commodity prices and trade numbers.

Canadian quarterly current account and GDP figures are due.  Monthly data from Canada will cover producer prices, unemployment and jobs, and raw material prices.

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


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