Next Week
April 26, 2013
Monetary policy meetings with press conferences at the Federal Reserve and European Central Bank headline next week’s central bank watch. The ECB is widely expected to cut interest rates. Other central bank policy meetings will be held in India, the Czech Republic and Romania. Bank of Japan minutes will be published.
Several holidays will interrupt the rhythm of trading. Golden Week commemorations will close Japanese markets on Monday for Showa Day and Friday for Constitution Day. A wide range of markets will be closed Wednesday for May Day, including China, Germany, Italy, France, Portugal, Spain and Switzerland. China stays closed through the balance of the week.
Purchasing managers surveys will be released for a slew of economies, mostly covering manufacturing but also construction in Germany and Britain, retail in Euroland, Germany, France and Italy, and also a smattering of service sector reports.
The U.S. has a busy schedule of data releases, featuring several labor market reports (the monthly jobs survey, ADP’s estimate of private jobs, jobless insurance claims, and productivity and unit labor costs). Other releases are for personal spending and income, regional PMIs for New York, Milwaukee and Chicago, the Case Shiller house price index, the trade deficit, motor vehicle sales, construction spending, factory orders, and the Dallas Fed manufacturing index.
Canada will be reporting monthly GDP, producer prices and the trade balance. Brazil releases the trade balance and industrial production.
Japan has many releases sandwiched between the aforementioned holidays — labor statistics, household spending, retail sales, industrial production, auto output and sales, housing starts, construction orders and the monetary base.
Elsewhere in Asia, data will be released on Hong Kong retail sales, the South Korean current account and industrial production, Malaysian, Singaporean and Thai producer prices, Indonesia’s and Thailand’s trade balance and consumer prices, and Singaporean unemployment.
Ezone sentiment data, consumer prices, labor statistics and producer prices arrive. So do German, Spanish, Italian, and Belgian consumer prices, German and Greek retail sales, Portuguese and German consumer confidence, German labor statistics, Greek producer prices, and Belgian GDP.
Consumer confidence, money growth and mortgage approvals are British data arrivals next week. Iceland reports consumer prices and the trade numbers, while Norway releases retail sales.
Australia and New Zealand building permits arrive. Other Australian data cover new home sales, private credit growth, producer prices and GDP. New Zealand and South Africa release monetary statistics. New Zealand reports business sentiment, while Turkey releases trade figures and both the CPI and PPI.
Copyright 2013, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Economic Data Calendar
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