Next Week
January 14, 2011
U.S. markets are closed Monday for Martin Luther King’s birthday. Central bank interest rate meetings will be held next week in Canada, Brazil, Mexico, Poland and Turkey. The Bank of Canada publishes its quarterly Monetary Policy Report, and the monthly ECB Bulletin will be released. This is the week when the British data calendar is heaviest and when China releases the bulk of its monthly indicators. EU finance minister and Ecofin hold meetings early in the week.
Scheduled U.K. data include retail sales, public finances, the industrial trends survey, consumer prices, wage earnings and other labor statistics, the index of leading economic indicators, Nationwide’s index of consumer confidence, and the Rightmove, DCLG, and RICs housing price gauges.
In addition to monthly consumer prices, producer prices, retail sales, business investment and industrial production, China will be reporting fourth-quarter GDP growth.
From the euro area, investors will get figures on the current account, construction orders, consumer confidence and investor sentiment (ZEW). The German ZEW index also will be released along with the IFO business climate and producer prices. Italy reports industrial orders and its current account. Other arriving data from the region are the French index of leading economic indicators, Portuguese producer prices, Belgian and Dutch consumer confidence, the Greek current account, Belgian trades, and Dutch unemployment.
Japan releases consumer confidence, revised industrial output, capacity usage, the tertiary and all-industry indices, and the index of leading economic indicators.
A fair amount of statistics from Australia (auto sales, consumer confidence, skilled job vacancies, expected inflation and import prices) and New Zealand (consumer prices, the business sector PMI, and retail sales) will be arriving. Turkish unemployment and consumer confidence and South African consumer prices, retail sales and wholesale turnover figures are due, too.
The U.S. data calendar lists the Philly and New York Fed manufacturing survey results, the Treasury report on capital flows, housing starts, building permits, the National Association of Home Builders index, existing home sales, and the index of leading economic indicators, plus weekly jobless insurance claims, consumer confidence, mortgage applications, chain store sales and energy inventories.
Canadian retail sales, wholesale sales, stock and bond transaction figures, and the manufacturers survey results get reported next week, as do Mexican unemployment and Malaysian consumer prices. Chinese President Hu will be visiting the United States from January 18 to 21. The trip includes important talks with U.S. President Obama that are expected to touch on currency policy.
Copyright Larry Greenberg 2011. All rights reserved. No secondary distribution without express permission.
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