Next Week
December 3, 2010
Central bank policy meetings are scheduled next week in Australia, Great Britain, Brazil, Canada, New Zealand, South Africa, Peru and South Korea. The ECB monthly Bulletin will be released.
The quantity of U.S. data releases will be on the light side and qualitatively second tier. The list includes the monthly fiscal budget, a preliminary U. Michigan estimate of consumer sentiment, import prices, trade, wholesale inventories, consumer credit, the IBD/TIPP optimism index, plus the usual assortment of weekly figures for jobless insurance claims, energy stocks, mortgage applications, chain store sales and consumer confidence.
Elsewhere in the western hemisphere, Canada will be reporting building permits, housing starts, trades, and the IVEY-PMI index. Brazil releases 3Q GDP, while Mexico announces new trade figures.
The German construction purchasing managers index and final CPI results are due but will be eclipsed by the releases of industrial production, industrial orders, the current account, and trade surplus. The Bank of France releases business sentiment. French public finances, trades, and industrial production are also due during the week. Belgium, Italy, Iceland and Portugal report GDP. Italy announces industrial production, and Finland releases factory output and the current account. For Euroland as a whole, the Sentix gauge of investor sentiment is due.
The slate of British indicators to be released features producer prices, the trade deficit, new car sales, same-store sales, industrial production, shop prices, the CBI’s industrial trends survey, and the monthly estimate for GDP from the National Institute of Economic and Social Research.
Norway, Denmark and Sweden report consumer prices. Norway and Sweden also release Industrial production. Norwegian producer price and Swiss unemployment arrive as well. Further to the east, Hungary and the Czech Republic will be announcing GDP, Romania and Hungary release consumer prices, and the Czech figures for retail sales, industrial output, and current account arrive.
Japan announces figures on machinery orders, machine tool orders, corporate goods prices, bankruptcies, money and credit growth, the current account and trade surplus, the economy watchers index, consumer confidence, the index of leading economic indicators, and the Finance Ministry’s quarterly business outlook survey.
Other selected Asian releases next week include Indian and Malaysian industrial production, Chinese trade, South Korean money growth and producer prices, and Filipino consumer confidence and consumer prices.
South Africa will be unveiling wholesale and retail turnover figures, while Turkey reports GDP. Australia has a number of releases — most importantly the monthly unemployment and jobs data but also the construction PMI, inflation expectations, job ads and mortgage and business lending. From New Zealand will be arriving home prices, a quarterly manufacturing survey, food prices, credit card spending, the business PMI, and the terms of trade.
Copyright 2010 Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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