Next Week
July 1, 2011
Central Bank policy meetings next week are scheduled in Australia, Sweden, Poland, Mexico, Malaysia, Britain and, most importantly, the euro area where a highly probably second interest rate increase has been signaled. U.S. markets will be closed on Monday.
Service sector purchasing manager reports are due from the United States, euro area, Germany, China, France, Italy, Spain, Brazil, Britain, Ireland, Russia, Australia, and India. Hong Kong releases a composite PMI. British and German PMI construction surveys are arriving, too.
Scheduled indicators for release during the week in Japan feature the monetary base, M2, M3 and M1 money stocks, bank loans, machinery orders, cash wage earnings, the current account, index of leading economic indicators and the economy watchers index. Some of the other arriving data in Asia will be Thai, South Korean, and Filipino producer prices, Thai and Filipino consumer prices, Hong Kong retail sales, and Malaysian trades.
This will be jobs week in the United States, where the ADP private employment estimate and weekly jobless insurance claims arrive on Thursday followed by the monthly Labor Department figures on Friday. U.S. factory orders, consumer credit and wholesale inventories will also be released next week as will the monthly federal budget numbers. Weekly chain store sales, energy inventories, consumer confidence and mortgage applications will hold interest, too.
Canada reports raw material and producer prices, home prices, housing starts, the IVEY-PMI index and the monthly labor statistics. Mexico and Brazil release consumer price data, and Mexico also announces consumer confidence and the PPI index.
The final estimate of Euroland first-quarter GDP is due as are the regional retail sales and PPI figures and the Sentix gauge of investor sentiment. Germany will be announcing industrial production, industrial orders, and the trade and current accounts. Industrial production figures are due from Spain, Finland, Italy and the Netherlands as well. Portuguese, French and Finnish trade data are scheduled and is Greece’s CPI.
From Britain, investors will get the latest monthly shop prices, GDP, and producer price numbers. Some non-Ezone European countries releasing industrial production will be Sweden, Romania, Denmark, and Norway. Switzerland reports retail sales, unemployment and consumer price inflation. Czech and Icelandic trade data are arriving. Retail sales are another scheduled Czech release.
Turkey announces its PPI,CPI and industrial production figures. New Zealand reports quarterly GDP and commodity prices. Australian data next week will be led by its labor statistics but also include retail sales, building approvals, trade numbers, the construction index, and consumer price inflation expectations.
Copyright Larry Greenberg 2011. All rights reserved. No secondary distribution without express permission.
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