Next Week

September 14, 2012

The line-up of scheduled central bank monetary policy meetings next week includes those in Japan, India, and South Africa.  The Reserve Bank of Australia and Bank of England release minutes from their meetings earlier this month, and the Swiss National Bank publishes its quarterly Bulletin.  The Bank of Japan’s monthly economic assessment is due.

Preliminary purchasing manager survey results for September are due from China (manufacturing), the United States (manufacturing) and the euro area, Germany and France (manufacturing, services, and a composite of the two).

Other Ezone data will cover quarterly labor costs and monthly trade, current account, consumer confidence, construction output, and the ZEW estimate of investor sentiment.  German producer prices and indices of leading and coincident economic indicators arrive.  So do Italian trade numbers and industrial orders, Spanish trades, Dutch consumer spending, retail sales, and unemployment, Irish producer prices and GDP, and Belgian business and consumer sentiment.

From the United States, investors will learn the latest Empire State and Philly Fed manufacturing survey results, the quarterly current account, and several housing statistics (existing home sales, the National Association of Home Builders index, housing starts, and building permits.  The TIC report on international capital flows and the U.S. index of leading economic indicators arrive, and so do weekly figures on chain store sales, jobless insurance claims, consumer comfort, energy inventories, and mortgage applications.  On the heels of the dramatic Fed stimulus initiative, Lacker, Evans Lockhart and George are among the central bank officials who will be speaking in public next week.

Canada releases consumer prices, wholesale turnover, and securities transactions with foreigners.   Mexico reports retail sales, wholesale turnover, and the index of leading economic indicators, while Brazil’s jobless rate is another Latin American data release of some interest.

Upcoming British data include the Rightmove house price index, the CBI survey of industrial trends, retail sales, consumer prices and the net public sector borrowings. Swiss trades, industrial production, M3 money growth, and ZEW index of investor sentiment are due.  But of equal interest will be Swiss reserves and what such says about the aggressiveness of intervention to cap franc strength.  Denmark, the Czech Republic and Poland report producer prices.  Icelandic consumer prices, Norwegian trade numbers, and Polish industrial production are due, too.

Japan will be reporting customs trade, the all industry index and the index of leading economic indicators. China releases house prices and foreign direct investment.  Some of the other Asian releases are Hong Kong consumer prices, Singapore trades, and Filipino unemployment and current account.

Australia releases consumer confidence and auto sales. New Zealand and Israeli GDP are scheduled.  So is New Zealand’s current account, South African consumer prices and retail sales, and Turkish unemployment and consumer confidence.

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


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