Next Week

April 12, 2013

Central Bank policy meetings are scheduled next week in Canada, Sweden and Turkey.  The Bank of Canada will be releasing a new Monetary Policy Report.  The Reserve Bank of Australia and Bank of England release minutes of their April meetings, and the Federal Reserve publishes the Beige Book.  Evans, Yellen, Duke, Bullard, Lacker, Raskin, Stein, Duke and Kocherlakota are some of the Fed officials with public speaking engagements.  ECB President Draghi, Bank of Japan Governor Kuroda, Bank of Canada Governor and Bank of England-Select Governor Mark Carney also will be commenting in public.

A meeting of euro area finance ministers in Brussels kicks off the week, and attention at the end will turn to the spring meetings sponsored by the World Bank and IMF in Washington, D.C.. Group of Twenty central bankers and finance ministers will take that opportunity to meet and discuss currency policy coordination and other matters of shared interest.

The U.S. has a light data calendar, limited to consumer prices, TIC capital flow data, housing starts, the National Association of Home Builder’s index, building permits, industrial production, consumer prices, the Empire State and Philly Fed regional manufacturing surveys, the index of leading economic indicators, and the usual weekly suspects of jobless insurance claims, chain store sales, mortgage applications, consumer comfort and energy inventories.

Japan will be releasing revised industrial production, capacity usage, customs trade, department store sales, the all industry index, machine tool orders and the index of leading economic indicators. 

China reports first-quarter GDP and March retail sales, industrial production, business investment, and property prices.  China’s index of leading economic indicators and MNI business sentiment index also are do.  Some of the other Asian arrivals will be Indian wholesale prices and trade figures, Singaporean trade numbers and retail sales, Malaysian consumer prices, South Korean producer prices, and Hong Kong unemployment.

Ezone releases will include the trade and current accounts, the ZEW investor surveys of confidence in the whole area and the German economy, construction output, car sales, and consumer prices.  Belgium and the Netherlands both report trade data and consumer confidence.  Portuguese and Finnish current account numbers are due, and so are Italian industrial orders, Finnish consumer prices and retail sales, and German producer prices.

Several British statistics are slated for delivery: the Rightmove house price index, consumer prices, producer prices, the DCLG house price index, retail sales, and labor market figures on unemployment, jobs, and wage earnings.  Norway and Switzerland release trade numbers.  Poland, the Czech Republic and Denmark report PPI results, and Polish and Icelandic consumer prices are other scheduled arrivals.

Canada will be reporting consumer prices, manufacturing shipments and orders, existing home sales, and portfolio investment flows. Mexican unemployment and consumer sentiment figures are due.

From the Southern Hemisphere, Australia is scheduled to report home loans, auto sales, business sentiment, and the index of leading economic indicators.  New Zealand consumer prices, consumer and business confidence, and home prices are due.  South Africa reports consumer prices, retail sales and wholesale turnover.

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



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