Next Week
December 16, 2011
For the week before Christmas, a fairly sizable number of economic data releases are scheduled. Plus there will be monetary policy meetings in Japan, Sweden, the Czech Republic, Russia, Poland, and Turkey. Japanese markets will be closed Friday for the Emperor’s birthday.
The Bank of England and Reserve Bank of Australia both publish minutes of policy meetings that were held early this month. Draghi of the ECB and Lacker of the Fed have speaking engagements.
Several U.S. housing market reports arrive: the NAHB index, housing starts and permits, new and existing home sales, and the FHFA home price index. Other releases will be personal spending and income, revised GDP, the index of leading economic indicators, durable goods orders, and the U. Michigan consumer sentiment index. Weekly jobless insurance claims, energy inventories, consumer confidence, chain store sales, and mortgage applications round out the U.S. calendar.
From Britain, market players will see the CBI survey of retailers, the Rightmove house price index, Nationwide’s consumer sentiment index, revised GDP, the current account, mortgage approvals, the index of services, and the monthly budgetary data.
Euroland-wide figures are due on the current account, construction orders, index of leading economic indicators and consumer confidence. Arrivals from Germany include the PPI, IFO business climate index, consumer confidence, import price index, and index of leading economic indicators. Italy and France release revised GDP. Italian and Spanish trades are due. So are Italian industrial orders and Spain’s trade deficit. Belgium and The Netherlands both report consumer confidence. Belgian business sentiment, Portuguese producer prices and Irish retail sales also are scheduled.
Swiss trades and that economy’s money aggregates are on the calendar, too, as are Danish and Swedish consumer confidence measures, and Norwegian unemployment. Poland reports industrial output, the PPI and CPI, retail sales, and unemployment, while Hungary chimes in with the trade balance and retail sales.
In Asia, Japan has a light week, just the customs trade balance, all-industry index and index of leading economic indicators. Hong Kong and Singapore release consumer prices, while The Philippines and Hong Kong report current account balances. There has been chatter that the People’s Bank of China may try to squeeze in another reserve ratio cut before yearend.
Canada has several meaningful releases such as the CPI, retail sales, wholesale turnover, and monthly GDP. Mexico also reports both retail sales and wholesale turnover, plus the trade balance and unemployment rate.
New Zealand releases GDP, and Australia’s index of leading economic indicators is due.
Copyright 2011, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
ShareThis
