Next Week

December 17, 2010

The week before Christmas has generally less activity than the week after.  Many markets, including the United States, will be shut Friday.  Britain is closed the following Monday and Tuesday, and Japan celebrates the Emperor’s birthday on Thursday, December 23rd.  There are central bank meetings in Poland, Japan, Hungary and the Czech Republic, and the Bank of England releases minutes from its meeting earlier this month.

Scheduled U.S. data releases include existing and new home sales, personal income and spending, the FHFA index, durable goods orders, the Richmond and Chicago Fed indices, and the University of Michigan final monthly gauge of consumer confidence.  The U.S. also has several weekly data releases like jobless claims, mortgage applications, consumer confidence, chain store sales energy inventories.

Pan-Euroland releases will cover consumer confidence and the current account.  France reports producer prices, consumer spending on manufactured goods, and the index of leading economic indicators. German consumer sentiment is due.  Italian unemployment, retail sales and wage figures arrive.  So does Belgium business sentiment, Dutch consumer spending and confidence, Portuguese, German and Spanish producer prices, and Greece’s current account. 

Britain’s data calendar next week includes consumer confidence, GDP, the current account, mortgage loans, and public finances.  Swiss M3 and trade statistics get released.  So do Swedish producer and import prices, as well as Norwegian unemployment.  In addition to a central bank meeting, Hungary reports retail sales and its trade balance.

Japan has a light schedule, just customs trade and the index of leading economic indicators.  Australian auto sales and New Zealand GDP, current account and M3 figures will be announced.  Hong Kong, Malaysia, and Singapore report consumer prices.  South Korea announces the results of the latest consumer confidence survey, while Singapore reports Industrial production.  Hong Kong’s current account is due, too.

Canada and Mexico each report both retail and wholesale sales.  Canadian monthly GDP and consumer prices arrive, too, as do Mexican trade figures.

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


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