Next Week

May 25, 2012

On Monday, U.S. markets are closed for Memorial Day, and selected areas of Europe will observe Whit Monday.  Central banks in Israel, Hungary, Turkey and Brazil have scheduled interest rate policy meetings next week, minutes from the Bank of Japan meeting are being released.

Manufacturing purchasing manager indices will be released for a slew of economies: the euro area, United States, Japan, Germany, France, Spain, Greece, Norway, Denmark, Sweden, Hungary, the Czech Republic, Britain, South Korea, China, India, South Africa, Ireland, The Netherlands, Switzerland, Britain, Taiwan, Turkey, Russia, Poland, Brazil, and Australia.

The U.S. data calendar features GDP and the monthly Labor force survey and also includes the Case-Shiller home price index, consumer confidence, pending home sales, personal income and expenditures, the ADP estimate of private-sector jobs, construction spending, motor vehicle sales and weekly energy inventories, jobless insurance claims, consumer comfort, chain store sales, and mortgage applications.

Japan’s central bank releases the quarterly business survey known as the Tankan report.  Other Japanese releases will be corporate service prices, retail sales, industrial production, housing starts, construction orders, auto output and sales, household spending and income, unemployment, wage earnings and first-quarter business investment. 

Some of the other planned Asian reports cover China’s index of leading economic indicators, Indian GDP, Indonesian consumer prices and trade, Singapore and Malaysian producer prices, Hong Kong retail sales, and South Korea’s CPI, current account and industrial production.

Euroland consumer prices, business and consumer sentiment, unemployment and money and credit figures will be arriving, as well as many key statistics from its members.  Some of these are German consumer prices, retail sales, labor statistics, and import prices, French, Dutch, and Italian producer prices, and Greek, Spanish, Portuguese and Irish retail sales.

Both the British Nationwide and Hometrack house price indices are due.  So are U.K. monetary statistics, consumer confidence, and the CBI survey of retailers and wholesalers.  Swiss GDP, Polish GDP and Swedish retail sales, trade numbers and producer prices are scheduled.  Romania and Hungary both report producer prices.

Canada releases producer prices, raw material prices, quarterly as well as month GDP, and the current account. Brazil announces industrial production.

Both Australia and New Zealand release building permits and commodity prices.  Australia also reports retail sales, quarterly industrial production, new home sales and private credit growth.  South Africa releases GDP, money and credit, while Turkish trade numbers are on the calendar, too.

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


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