Next Week

June 21, 2013

Next week will not be very active from a central bank watching standpoint.  Policy meetings are scheduled in Israel, Hungary and the Czech Republic.

EU leaders hold a semi-annual summit in Brussels on Thursday and Friday.  The rotating presidency of the EU transfers on July to Lithuania from Ireland, which held the post for the first half of 2013.

The U.S. data release calendar includes the Case-Shiller and FHFA housing indices, pending home sales, personal income and spending, the Dallas Fed and Richmond Fed manufacturing indices, consumer confidence, durable goods orders, the Chicago Fed National Activity Index, the U. Michigan consumer sentiment index, the Chicago and Milwaukee regional PMIs, and weekly checks on jobless insurance claims, chain store sales, mortgage applications, energy inventories, and consumer comfort.

Japan will be a busy data reporter: consumer prices, corporate service prices, small business sentiment, the Nomura purchasing managers manufacturing index, household spending, retail sales, housing starts, labor statistics, construction orders the all industry index and industrial production.

Some other scheduled Asian releases are the Filipino and Thai trade balances, South Korean and Thai industrial production, the current accounts of Hong Kong and South Korea, Singaporean producer prices, and South Korean business sentiment.

Euroland sentiment measures and money and credit numbers arrive.  German will be reporting the IFO indices of business conditions and expectations, consumer prices, consumer confidence, import prices and labor statistics.  France and Italy release business confidence and producer prices.  Italy also reports consumer prices and consumer confidence.  Spain, Portugal, Ireland, Greece and Italy release retail sales.  Belgium, Portugal and the Netherlands report business sentiment. 

In Eastern Europe, both consumer and business confidence get reported for the Czech Republic.  Hungarian producer prices and Polish retail sales are also arriving next week.

Quarterly British GDP and current account figures are due, as are the monthly Nationwide house price index and the CBI survey of distributive trades. Sweden reports producer prices and the trade balance, while the UBS Swiss consumption monitor and the Swiss index of leading economic indicators will be reported.  Norwegian retail sales, Icelandic consumer prices and Danish GDP are some of the Nordic releases planned.

Canada releases monthly GDP and producer prices, while Mexico reports unemployment and the index of leading economic indicators.  Brazilian and South African producer prices are due.  So are Australian money aggregates, Turkish trades and consumer confidence, and New Zealand building permits and business sentiment.

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



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