Next Week

February 10, 2012

Next week features the first released fourth-quarter GDP estimates for Japan, Euroland, and many of the nations in the euro area.  The Bank of Japan and Swedish Riksbank hold interest rate policy meetings.  The Bank of England will be releasing its quarterly Inflation Report, and the FOMC and Bank of Japan publish minutes from recent prior meetings.  Greek lawmakers are supposed to vote on austerity, and officials from the EU and China will hold a summit.  Barack Obama presents his 2013 fiscal budget, and Fed Chairman Bernanke and Fed regional presidents Fisher and Lockhart speak publicly.  BOJ Governor Shirakawa holds a press conference, and the ECB publishes its monthly Bulletin.  Treasury Secretary Geithner will be testifying to the Senate Finance Committee.

Scheduled U.S. indicators include industrial production, the CPI and PPI, housing starts and permits, the Empire State and Philly Fed manufacturing indices, the NFIB index of small business sentiment, the HAHB housing index, the index of leading economic indicators, and such weekly staples as jobless insurance claims, chain store sales, mortgage applications, consumer confidence, and energy inventories.

Canada reports consumer prices, factory shipments, orders and inventories,  auto sales, and securities transactions.  Mexico will be announcing industrial production and real GDP, while Brazil reports unemployment.

Aside from GDP, Japan’s short list only includes revised industrial production and the tertiary index.  Other Asia releases to watch for are Indian wholesale prices, South Korean unemployment, Chinese industrial production and retail sales, and Singaporean trades and retail sales.

Turning to Europe, Euroland’s current account, trade balance, and ZEW expectations index will be arriving, as well as the heretofore mentioned slew of GDP reports.  German wholesale and producer prices, Spanish and Greek consumer prices, Finnish retail sales, Portuguese unemployment, and Italian trades arrive.

So do British consumer prices, wage earnings, unemployment, the Nationwide house price index, and unemployment.  Switzerland and Denmark report producer prices.  Norway releases GDP and the trade balance.  A number of East European figures are due, too, including consumer prices from Romania, Hungary, Poland, and the Czech Republic and the current accounts of Poland, Romania and the Czech Republic.

The Australian data calendar shows labor statistics, bank loans, business confidence and conditions, expected inflation, consumer sentiment, and auto sales.  New Zealand will be chiming in with retail sales and food prices.  Turkish consumer prices, unemployment, and unemployment get announced, and South Africa reports on retail and wholesale sales.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.


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