Next Week

June 16, 2013

The most significant central bank policy event of the coming week will be the FOMC statement on Wednesday, which will be accompanied by new forecasts and followed by a Bernanke press conference.  There are also scheduled interest rate meetings at the central banks in India, Switzerland, Norway and Turkey.  Minutes from this month’s central bank meetings in Australia and Britain will be published.  Governor King of the Bank of England gives his last Mansion House speech, and Governors Poloz of the Bank of Canada and Kuroda of the Bank of Japan will speak publicly during the week. There is a meeting of Ezone finance ministers late in the week.

Scheduled Japanese data include small business sentiment, the tertiary index, revised industrial output and capacity usage, department store and supermarket sales, customs trade, and the index of leading economic indicators.  Chinese releases include the index of leading economic indicators, foreign direct investment, house prices, and the preliminary manufacturing purchasing managers index.  India’s trade balance and South Korean producer prices are also due.

Australia reports car sales, While New Zealand releases consumer confidence and the current account.

From Euroland, investors will learn the latest German, Ezone, and French PMI results, the preliminary consumer sentiment index, the ZEW Institutes indices of investor sentiment toward Germany and the whole currency bloc, German producer prices, Euroland construction output, labor costs, current account and trade balance, EU car sales, Belgian, Italian and Spanish trades, Irish producer prices Italian wages, and Dutch consumer confidence and unemployment.  The Conference Board will release its indices of leading economic indicators for both Germany and France.

Britain has a meaty calendar: the Rightmove house price index, the ONS house price index, consumer prices, producer prices, retail prices, retail sales, the CBI industrial trends survey, and public sector net borrowing.  Swiss M3 money, the Swedish trade balance, consumer sentiment index and unemployment rate, Icelandic consumer prices and wages,

Upcoming U.S. data include the Empire State and Philly Fed manufacturing indices, existing home sales, housing starts, building permits, the National Home Builders Association index, consumer prices and the index of leading economic indicators.  Weekly U.S. releases as usual cover jobless insurance claims, consumer comfort, mortgage applications, energy inventories, and chain store sales.  Canada releases consumer prices, retail sales, and wholesale turnover, while Mexico also will be reporting retail and wholesale sales.

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



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