Next Week

April 6, 2012

The week of April 9 – 13 starts at half strength as many markets will be closed for Easter Monday, including those in Australia, Hong Kong, Canada, Germany, Britain, Italy, France, Switzerland, Belgium, The Netherlands, Denmark, Poland, Hungary Portugal, South Africa, and the Czech Republic.

Central banks will be holding interest rate meetings in Japan, Indonesia, and Peru.  The ECB monthly Bulletin and Federal Reserve Beige Book will be released, as will minutes from the Bank of Japan’s meeting on March 12-13.  Fed Chairman Bernanke speaks on Monday, and the most dovish monetary policymaker in Britain, Adam Posen, talks publicly on Thursday.

Scheduled U.S. data include the trade deficit, producer prices, consumer prices, the monthly budget, the NIFB index of small business sentiment, and weekly statistics on energy inventories, jobless claims, mortgage applications, chain store sales, and consumer comfort.

Japan reports machinery orders, the economy watchers index, the current account, and money and credit growth.

China releases first quarter GDP growth and monthly industrial production, trades, retail sales, and consumer and producer prices.  Some other planned Asian releases are South Korea’s PPI and jobless rate, Malaysian and Indian industrial production, and Singaporean retail sales.

Industrial production for the euro area is being released, and numerous national statistics from the currency bloc are due:  German and Portuguese trades and consumer prices, French, Spanish, Irish and Italian consumer prices and industrial output, Greek import prices and CPI, Dutch retail sales and industrial production, Spanish business sentiment, and Finnish retail sales.

From Eastern Europe, CPI data are being announced in Romania, Hungary and the Czech Republic, and Polish and Czech current accounts get released.

Britain plans a number of releases: the RICs and DCLG house price indicators, trade figures, producer prices, same-store sales, and the index of leading economic indicators.  Swiss unemployment arrives, as do the CPI figures from Norway, Denmark and Sweden.  Those three countries are also releasing industrial production. 

Canada reports housing starts and housing prices as well as trade figures, while Mexico releases consumer prices, producer prices, and retail sales.

Australian labor statistics arrive on Thursday, one day after that country’s release of mortgage and investment loans.  South African industrial production and Turkey’s current account are other releases scheduled for next week.

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


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