Next Week

July 5, 2013

Central banks in Japan, South Korea, Indonesia, Brazil, Mexico, Chile, Thailand, Malaysia, and Serbia have scheduled intrest rate policy meetings in the week to July 12.  FOMC minutes, the ECB Bulletin, and the Bank of Japan’s monthly economic assessment get published.  ECB Pdt Draghi testifies in the EU Parliament on Monday, Fed Chairman Bernanke gives a speech on Wednesda, and BOJ Governor Kuroda holds a press conference on Thursday.  Dudley, Williams and Plosser of the Federal Reserve also speak publicly as does Miles of the Bank of England.  There will be another meeting of Ezone finance ministers early in the week.

Industrial production data will be reported for the euro area, Germany, France, Italy, Greece, Holland, Finland, Britain, Sweden Switzerland, Hungary, Czech Republic, Romania,Turkey, India, South Africa, Indonesia, Malaysia, and Mexico.  Japan reports revised industrial output and capacity usage.

China releases producer and consumer prices, money and bank lending, and quarterly reserves.

Scheduled Japanese releases next week include the current account, the economy watchers index, bank loans, the money supply, machinery orders, the tertiary index, machine tool orders, consumer confidence, and corporate goods prices.

The U.S. data calendar is relatively light, consisting of import prices, the budget, the JOLTS index, consumer prices, consumer credit, wholesale turnover and inventories, small business sentiment and the usual weekly stuff of jobless insurance claims, energy inventories, consumer comfort, chain store sales and mortgage applications.

The Sentix gauge of investor sentiment toward the euro area arrives, along with German wholesale prices, French, German Irish, Portuguese, and Italian consumer prices, Greek unemployment and the French and Spanish current accounts.

British data that are due include the RICs house price balance index, same-store retail sales, the trade deficit, monthly GDP and the Conference Board’s estimate of the U.K. index of leading economic indicators.  Switzerland will be releasing consumer prices, retail sales, and unemployment.

Releases from down under feature Australian labor statistics and include Aussie job ads, home loans, business confidence and conditions, and consumer confidence, plus New Zealand food prices and business sentiment.

Canada releases housing starts, new home prices and building permits. Mexican consumer prices, producer prices and trade balance are due.  So are Brazilian retail sales.

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



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