Next Week

October 28, 2012

A week for the ages lies ahead.  As a bridge from October to November, a huge number of indicators get released, many like the U.S. monthly labor market report and a variety of national purchasing manager surveys that often move markets.  It’s the final week before the U.S. election.  The U.S. east coast is bracing for another “storm of the century.” 

Central policy meetings are scheduled in Japan, India, Norway, Hungary, the Czech Republic, and Romania.  ECB President Draghi and Bank of Japan Governor Shirakawa will be speaking publicly.  Many countries in Europe will observe closures on Thursday for All Saint’s Day.

Besides manufacturing purchasing manager surveys, Euroland’s retail PMI and Britain’s construction PMI also arrive.

The list of U.S. data releases shows the Dallas Fed manufacturing index, personal income and spending, the Case Shiller house price index, the Chicago PMI, the national manufacturing PMI, the Conference Board’s index of consumer confidence, quarterly productivity and unit labor costs, factory orders, the ADP estimate of private employment, non-farm payroll jobs, the unemployment rate, hourly average earnings, and weekly jobless claims, energy inventories, consumer comfort, chain store sales and mortgage applications.

Japan will be releasing retail sales, labor statistics, housing starts, construction orders, average cash earnings, the monetary base, and household spending.  After the BOJ meeting, the central bank releases its semi-annual economic outlook with updated forecasts.

Euroland reports consumer prices, various sentiment indices, and retail and manufacturing PMI scores.  German retail sales, unemployment and consumer prices arrive.  So do French real household spending and producer prices, Italian unemployment, consumer and producer prices, Greek retail sales and producer prices, Spanish GDP, Spanish and Belgian consumer prices, Dutch producer prices and Portuguese retail sales.

The Bank of England will be releasing British M4 money, mortgage approvals, net mortgage lending and consumer credit.  U.K. consumer confidence is due next week as well as the manufacturing and construction PMI.  Norway and Sweden report retail sales.  Norwegian and Danish unemployment data arrive, too.

There are many Asian statistics arriving: South Korea’s current account and industrial production, Taiwanese GDP, Indonesian and Thai trade numbers, and Malaysian and Thai producer prices.

Brazil releases trade data, industrial production and producer prices. Canada also reports the PPI as well as the monthly labor market statistics.

Australia and New Zealand each release building approvals and producer prices.  Australian M3 money and new home sales are due, too.  So are Turkish trade numbers.

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


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