Next Week

October 4, 2013

Central bank meetings next week are scheduled in the U.K., Indonesia, South Korea and Brazil.  The ECB monthly Bulletin and minutes from the Bank of Japan meeting in early September will be published.  Both BOJ Governor Kuroda and ECB President Draghi have planned speeches.  So do several Federal Reserve officials including Pianalto, Bullard, Plosser, Evans, Powell and Williams.

U.S. data releases are a murky affair because of the government stand-down, which is delaying the readiness of data for release.  It’s possible in the unlikely event of a resolution to the crisis that some of this past week’s figures like today’s jobs report get reported.  More likely, these will be delayed further as well as other government-compiled statistics like the JOLTS survey, wholesale and business inventories, the trade balance, retail sales, the PPI , monthly federal budget will be postponed.  Some scheduled figures like consumer credit, the U.Michigan/Reuters consumer confidence index, the IBD/TIPP optimism index and the NFIB small business confidence survey will be arriving.  If several scheduled monthly items are blocked from release, weekly privately compiled figures for consumer comfort, chain store sales, energy inventories and mortgage applications will take on greater importance.

Several Japanese economic indicators are due: the current account, international reserves, bankruptcies, machinery orders, machine tool orders, the economy watchers index, the index of leading economic indicators, corporate goods prices and money and bank lending growth.

Scheduled Chinese release involve the HSBC service-sector and composite PMIs, money growth, bank loans, reserves, and the trade surplus.

Other trade figure reports to be released are covering Germany, the Czech Republic, Britain, Hungary, Denmark, Portugal, India, Canada Romania and France. 

Consumer price data arrive covering Germany, Ireland, Switzerland, Greece, France, Cyprus, the Netherlands, Spain, Hungary, Denmark, Mexico, and Italy.  German wholesale and import prices are getting released next week as well.

Some of the countries releasing industrial production are Denmark, Norway, Spain, Malaysia, Romania, Germany, Norway, Britain, Hungary, Finland, and South Africa.

The Sentix gauge of investor sentiment toward the euro area is due.  Other Ezone data highlights are German industrial orders, the French current account, budget deficit and Bank of France index of business sentiment, Italy’s budget, and Finnish retail sales.

British shop prices, same-store sales, construction output, index of leading economic indicators, and monthly GDP (from the National Institute of Economic and Social Research) are scheduled.  So are Swiss retail sales and unemployment, the Danish and Polish current accounts, and Romanian GDP.

Canada data calendar features the monthly labor force survey, housing starts and building permits, and Mexican producer prices as well as consumer prices is also scheduled.

This is the week for Australian labor statistics, too, along with that economy’s job ads, consumer confidence, and business conditions and confidence.  New Zealand food prices and Turkish unemployment are due, too.

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



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