Next Week
March 16, 2012
The coming week bridges the first to the second quarter of 2012, and Japanese markets are closed for the vernal equinox on Tuesday. From a data release and event standpoint, the week offers a comparative light schedule.
Central bank meetings are scheduled in Iceland and Thailand. The Bank of England will be releasing minutes of this month’s meeting. New York Fed President Dudley and Reserve Bank of Australia Governor Stevens have speaking engagements.
U.S. data are skewed to the housing market. Housing permits, building permits, the National Home Builders index, new and existing home sales and the FHFA house price measure arrive during the period. The U.S. index of leading economic indicators is also on the calendar, and so are weekly checks of jobless insurance claims, consumer confidence, mortgage applications, chain store sales, and consumer comfort.
Canada and Mexico report on wholesale turnover, their respective indices of leading economic indicators, and retail sales. Brazil releases current account numbers and retail sales.
Japan reports customs trade figures and the all-industry index, while a preliminary estimate of China’s purchasing managers index for March will attract much interest. Some other scheduled Asian reports are Hong Kong consumer prices, unemployment and consumer prices, Malaysian and Singaporean consumer prices, and the Thai and Filipino current accounts.
New Zealand GDP and the Australian index of leading economic indicators are due. So are the South African and New Zealand current accounts.
The main news from continental Europe is set for Thursday in the form of the preliminary purchasing manager survey results from the whole euro area, Germany and France. In addition, investors will get Euroland construction output, current account, and consumer confidence results. German producer prices, Italian industrial orders, the Dutch and Greek current accounts, and Spain’s trade deficit arrive. So do the French and German indices of leading economic indicators and producer price numbers from Germany, Spain, Portugal, Poland and Ireland. Consumer prices and industrial output are some of Poland’s other scheduled releases.
In the U.K., the FY12-13 government budget will be presented Wednesday by Chancellor of the Exchequer Osborne. Consumer prices and retail sales are the most significant economic data releases. British public finances and the Bankers Association estimate of mortgage loans are scheduled, too. The Rightmove house price index and CBI monthly survey of industrial trends will no doubt draw interest. Upcoming Swiss data reports will cover money growth, the trade surplus and industrial production. Danish consumer confidence and Norwegian unemployment are planned, too.
Copyright 2012, Larry Greenberg. All rights reserved. No seconday distribution without express permission.
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