Next Week

May 3, 2013

Central Bank policy meetings are scheduled next week at the Bank of England, Reserve Bank of Australia, Bank Malaysia Negara, National Bank of Poland, Bank of Korea, and Central Bank of Norway.  The monthly ECB Bulletin will be published, and ECB Pdt Draghi speaks publicly.  Fed officials speaking publicly include Bernanke, Evans, Stein, and George.

The period has a number of holidays to note.  Britain is closed for a Bank holiday on Monday, and Japan that day wraps up its Golden Week of holidays.  Some European countries have closed banks on Thursday for Ascension Day, and VE Day is on Wednesday, commemorating the 68th anniversary of the end of World War II in Europe.

G7 finance ministers and central bankers start two days of meetings next Friday.

Service sector purchasing managers surveys will be released for Japan, India, Euroland, China, Germany, Italy, France, Spain, and Sweden.  Construction PMIs will be reported for Germany and Australia.

Ezone-wide data arrivals are scheduled for retail sales and the Sentix gauge of investor sentiment.  Germany reports industrial production, factory orders, and the trade balance. 

Japan releases the current account, bank lending, the economy watchers index and index of leading economic indicators.

China releases trade figures, producer prices, consumer prices, and money and lending growth.  Hong Kong GDP and Filipino CPI and PPI figures are due, too.

Canada releases building permits, hosing starts, the IVEY PMI index, and labor statistics.  Mexico reports on consumer confidence. 

In Britain, releases include same store sales, shop prices, industrial output, the trade deficit and the NIESR estimate of monthly GDP.  Czech retail sales are scheduled.

Lots of data that generally do not move markets are getting released.  Some other countries reporting trade numbers will be France, Denmark, the Czech Republic, Finland, Hungary, Romania, and Portugal.

Industrial production data are due also from Swedne, France, Denmark, the Czech Republic, Hungary, Holland, Malaysia, India, Finland, Italy, and Mexico.

Unemployment rates will be announced in Portugal, South Africa, Belgium, Australia, New Zealand Canada, Greece and Portugal, while consumer prices arrive for the Netherlands, Mexico, Ireland, Denmark, Norway, and Greece.

The U.S. week in data is a light one: the IBD/TIPP optimism index, consumer credit, wholesale inventories, the monthly Federal budget and the usual batch of weekly observations such as energy inventories, chain store sales, consumer comfort, mortgage applications, and jobless insurance claims.



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