Next Week
February 4, 2011
The week of February 11 has an abundance of second-tier data releases. China will remain closed on Monday and Tuesday for continuing observance of the Lunar New Year, and Japan is shut Friday for National Foundation Day. Fed Chairman Bernanke on Wednesday will be testifying before the House budget committee on the economic outlook, monetary policy and fiscal policy, and interest rate policy meetings are scheduled at the Bank of England and Magyar Nemzeti Bank of Hungary. The ECB releases its monthly Bulletin, and Fed Governor Raskin has a speaking engagement.
Many governments plan to release data on trade, industrial production and prices. Trade figures are due from the United States, Germany, France, Japan, China, Britain, Portugal, Finland, Iceland, Hungary, Poland, the Czech Republic, Canada, Mexico and Turkey. Industrial production figures will be reported for Germany, France, India, the Netherlands, Finland, Greece, Italy, Sweden, Norway, Denmark, the Czech Republic, Romania, South Africa, Malaysia and Mexico. CPI releases will be made in Germany, Greece, Denmark, the Netherlands, Switzerland, the Czech Republic, and Brazil, while producer prices in Norway, Britain, and South Korea plus Japanese corporate goods prices are also scheduled.
Other U.S. releases next week include consumer credit, the JOLTS index on job openings and labor turnover, the NFIB small business sentiment index, wholesale turnover, the monthly federal budget, the U. Michigan preliminary consumer sentiment index, the IBD/TIPP optimism index and the slew of weekly figures from jobless insurance claims to mortgage applications, chain store sales, consumer confidence and energy inventories.
Japan will be releasing the economy watchers index, machinery orders, machine tool orders, the index of leading economic indicators, and consumer confidence. Japan, as well as China and the Philippines, report money and credit growth. Indonesian GDP is arriving, and so is China’s belated purchasing managers index covering service sector activity.
Germany releases industrial orders, while Greek import prices, Hungarian GDP, Czech retail sales and unemployment will also be reported. The Sentix index of investor sentiment toward all of Euroland is due on Monday.
In addition to the aforementioned industrial production and trade releases, Britain’s data calendar includes the Royal Institute of Chartered Surveyors house price index, same-store sales compiled by the British Retail Consortium, and an estimate of monthly GDP from the National Institute of Economic and Social Research.
Australia, whose central bank did not raise rates last week, reports its monthly labor force survey including the jobless rate and growth of employment. Australian retail sales, construction PMI index, job ads, consumer confidence and index of expected inflation are also due. So is New Zealand food price inflation rate. Canada is releasing housing starts, building permits, and house prices.
Copyright Larry Greenberg 2011. All rights reserved. No secondary distribution without express permission.
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