Next Week

July 29, 2011

The main events next week will be

  • The House of Representatives debt ceiling deadline on Tuesday.
  • Scheduled central bank meetings in Australia, Japan, the Czech Republic, Romania, the U.K. and the euro area.
  • The release of many purchasing manager surveys covering manufacturing, construction and service-sector activity.
  • The gauntlet of U.S. labor market data: the ADP private employment estimate, jobless claims, Challenger job cuts, and the Labor Dept. monthly survey.

Swiss and Canadian markets will be closed Monday to observe National Day and the August Civic Holiday, respectively.

Other upcoming U.S. statistical releases will cover auto sales, personal income and spending, construction spending, factory orders and consumer credit.

Euroland reports producer prices and the jobless rate.  German industrial production and orders and French and Hungarian trades are also due.  Spain and Italy release industrial output.  Italy also announces the lates unemployment and GDP numbers, while Greek consumer prices and Czech retail sales arrive. 

Investors will get the latest British PPI figures, Swiss retail sales and consumer price, Danish retail sales, Norwegian industrial production and unemployment, and Icelandic trades.

Like the U.S., Canadian monthly labor statistics are due August 5.  Other Canadian releases will be building permits.  Brazilian trades and industrial production are scheduled, too.

Australia has several arriving data: retail sales, the trade balance, building permits and commodity prices.  New Zealand releases quarterly labor statistics, and The Philippines, Turkey and Thailand report both producer and consumer prices.  Some other Pacific Rim statistics to watch for next week South Korean and Indonesian consumer prices, and Malaysian and Indian trade numbers.

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


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