Next Week

February 15, 2013

The meeting of G20 finance ministers and central bank leaders concludes tomorrow.  China reopens for business after the week-long Lunar New Year celebration, but next week opens with Monday holiday closures in the United States for President’s Day and Canada for Family Day. 

On the central banking beat, Turkey and Thailand hold interest rate meetings next week, and minutes from previous meetings will be released by the FOMC, Bank of England, Reserve Bank of Australia, and Bank of Japan.  ECB President Draghi will be testifying, and RBA Governor Stevens and RBNZ Governor Wheeler are speaking publicly.  Dudley and Bullard of the N.Y. and St. Louis Feds are some of the Fed officials with speaking engagements.  There was a report today that Japanese Prime Minister Abe will likely be announcing his choices for BOJ Governor and the two deputy governor slots.

Preliminary purchasing managers survey results from February will be reported for the United States, Euroland, France, Germany, and China.  A number of countries release CPI data, including the United States, Germany, Finland, Sweden, South Africa, Italy, Canada and Ireland.

Other scheduled U.S. data include housing starts, building permits, the National Association of Home Builders index, existing home sales, producer prices, the Philly Fed manufacturing index, the index of leading economic indicators and weekly checks of mortgage applications, chain store sales, energy inventories, consumer comfort, and jobless insurance claims.

Euroland-wide data arrive on consumer confidence, construction output, car sales, the current account and the ZEW index of investment sentiment.  Among German data to be released next week are GDP, the ZEW and IFO business climate indices, producer prices, and the index of leading economic indicators (LEI).  French business sentiment and LEI arrive, as do Italian retail sales and industrial orders, Spanish GDP and trades, Belgian consumer and business sentiment, the Greek and Portuguese current accounts, and Austrian industrial production.

The British data calendar shows the Rightmove house price index, monthly labor statistics (unemployment and wage growth), public finances and the CBI industrial trends survey. Swedish unemployment, Swiss trades and money growth, Icelandic wage costs, Danish retail sales, Polish industrial output and Czech producer prices are due, too.

Japan releases customs trade figures, the all industry index, and supermarket sales. Chinese foreign direct investment, property prices, and index of leading economic indicators are scheduled.  Some of the other Asian releases will be Taiwanese, Malaysian and Thai GDP, Hong Kong and Malaysian unemployment, and South Korean producer prices.

In Australia, the quarterly labor cost index is due as are auto sales and the index of leading economic indicators.  New Zealand releases producer prices.

Canada, Mexico and Brazil report on retail sales.  Mexican unemployment and Canadian security transactions also will be announced.

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



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