Next Week

July 15, 2011

Central Bank interest rate policy meetings are scheduled next week in Canada, Turkey and South Africa.  The Bank of England and Reserve Bank of Australia will publish minutes from their respective meetings earlier this month, and the quarterly Bank of Canada Monetary Policy Report arrives.  Japan will be closed Monday for Marine Day.  Not many meaningful economic data get released.  One exception will be the Euroland and Chinese preliminary findings of this month’s purchasing managers survey.

Euroland also reports construction output, consumer confidence, the current account and industrial orders.  The German and Ezone investor confidence indices compiled by the ZEW Institute are due.  German also releases producer prices and the IFO business climate index.  French business sentiment and Italian industrial production, retail sales, and current account data are other upcoming national statistical releases from the euro area.  So are Dutch and Belgian consumer confidence and Spanish, Irish, and Portuguese producer prices.  Greece reports unemployment, and Spain releases trade figures.

Britain will be releasing retail sales and its budget figures.  Swiss trades, money growth and investor confidence are on tap, as are Danish consumer confidence and Icelandic wages.  Polish industrial production and consumer prices are due, too. 

Housing will be the main theme of upcoming U.S. reports, which will include the NAHB and FHFA indices, housing starts, building permits, and existing home sales.  The Treasury Department publishes May capital flow figures, while the Conference Board index of leading economic indicators is due.  Weekly figures on mortgage applications, jobless insurance claims, consumer confidence, chain store sales, and energy inventories round out the data slate.

Canada, Mexico and South Africa each report both retail sales and wholesale turnover.  Other Canadian releases will be the CPI report, index of leading economic indicators and securities transactions.  Brazilian unemployment will get released as well.

From Australia, investors will learn the latest figures for motor vehicle sales, import prices and the index of leading economic indicators.  New Zealand announces quarterly producer prices, South Africa reports consumer prices and Turkey announces consumer confidence.

In East Asia, Hong Kong and Malaysia will be releasing their CPI data.  Hong Kong also reports unemployment, and the Filipino current account and Singaporean trade balance are scheduled, too.

It will be a fairly lean weak for Japan, just the all-industry index, customs trade, and index of leading economic indicators.

Copyright Larry Greenberg 2011.  All rights reserved.  No secondary distribution without express permission.


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