Next Week

January 25, 2013

Interest rate policy meetings are scheduled next week in the United States, India, Israel, Hungary, New Zealand and Malaysia.  The FOMC decision on Wednesday will be followed by a Bernanke press conference.

The WEF Conference in Davos winds up this weekend.  Then, Aussie markets will be closed Monday to observe Australia Day.

The featured U.S. releases are the first glimpse of fourth-quarter GDP, the January Labor Department’s jobs report for January, and the manufacturing purchasing managers survey.  Other planned releases cover durable goods orders, pending home sales, the Case-Shiller home price index, personal income and spending, consumer confidence (both from the Conference Board and U. Michigan/Reuters), the Dallas Fed manufacturing survey, the ADP private jobs estimate, the Chicago and Milwaukee regional PMIs, and weekly figures for chain store sales, jobless insurance claims, consumer comfort, mortgage applications, and energy inventories.

Purchasing managers surveys for manufacturing will be released for many other countries as well, including Germany, France, Italy, Spain, Ireland, the Netherlands, Austria, Greece, the whole euro area, Switzerland, Britain, Sweden, Denmark, Norway, Hungary, the Czech Republic, Poland, Turkey, Japan, Russia, China, South Korea, Vietnam, India, Indonesia, Taiwan, Australia, Brazil and South Africa.

A number of Japanese releases are planned: unemployment, housing starts, construction orders, corporate service prices, wage earnings, retail sales, household spending, small business sentiment, industrial production, and the factory PMI.

A sampling of other Asian data releases has South Korea’s current account and industrial production, Thai trades and consumer prices, Singaporean unemployment, Taiwanese and Filipino GDP, and Hong Kong retail sales.

Euroland-wide data arrive for money and credit growth, retail PMIs, economic sentiment, unemployment, CPI inflation, and the index of leading economic indicators.  Germany will be releasing retail sales, import prices, unemployment, and consumer confidence.  France and Italy also report producer prices and consumer confidence.  Other Italian releases are wages, business sentiment, and unemployment.  Spanish GDP, retail sales and current account are due, as are French consumer spending, Dutch and Greek PPIs, Greek and Irish retail sales, Finnish consumer confidence, and Belgian consumer prices.

Britain’s data calendar for the coming week shows the Nationwide house price index, Bank of England figures on money and credit, mortgage approvals and consumer confidence.  In Switzerland, the UBS consumption indicator and KOF index of leading economic indicators will be reported.  Icelandic CPI, PPI, and trade balance data are slated, as are Norwegian retail sales, Polish GDP, and Hungarian producer prices.

Several Australian reports are on deck:  money growth, import and export prices, producer prices, business confidence and conditions, private sector credit and the index of leading economic indicators.  South African money and domestic credit data are being releases, along with producer prices and the trade numbers.  Turkey also reports trades, as well as consumer confidence and capacity usage.  New Zealand’s offering will include M3 money, building permits, and the performance of services index. 

Not to be outdone, Canada has scheduled monthly GDP, producer prices and raw material prices, and Brazil releases the PPI, unemployment, industrial output and trade figures.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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