Next Week

November 8, 2013

On the central banking beat, Bank Indonesia and the Bank of Korea hold interest rate policy meetings next week.  Janet Yellen’s senate confirmation hearings to be the next Federal Reserve Chairperson begins on Thursday.  Other Fed officials speaking in public during the week include Bernanke, Plosser, Kocherlakota, Lockhart, Fisher, and Pianalto.  Bank of England Governor Carney, Bundesbank President Weidmann, who opposed cutting ECB rates this past week, and Bank of Japan Board member Miyao also speak publicly.  The ECB Bulletin and Bank of England quarterly Inflation Report get published.

Market closures on Monday will occur in the United States, France and Canada. 

This is the week when China releases most of its data: retail sales, industrial production, business investment, foreign direct investment, consumer prices, producer prices, and growth in the stock of money and bank lending.

Japan reports on the current account, bank lending, the money supply, corporate goods prices, the economy watchers index, consumer confidence, the tertiary index of service sector activity, machinery orders, revised industrial production, capacity use and, most importantly, third-quarter GDP.

Some other Asian releases will cover Malaysian and Hong Kong GDP, Malaysian and Indian industrial production, South Korean and Indian trade, , Indian wholesale prices, South Korean unemployment, and Indonesia’s current account.

Scheduled U.S. data releases in the week include the trade deficit, the NIFB small business sentiment index, the Chicago Fed National Activity Index, the monthly federal budget, labor productivity and unit labor costs, import and export prices, the Empire State manufacturing index, industrial production and capacity usage, wholesale inventories and weekly observations of energy inventories, mortgage applications, chain store sales, consumer comfort and jobless insurance claims.

As with Japan, investors learn the first estimate of euro area GDP growth last quarter, as well as how each member separately performed.  Ezone industrial production, consumer prices and current account are also on tap.  France, Finland and Italy report current accounts and industrial production.  Greek import prices and unemployment, Finnish and Portuguese consumer prices, and Dutch retail sales are some of the Ezone’s other upcoming reports.

From Britain, there will be releases of consumer prices, producer prices, retail prices and the ONS house price index, plus retail sales, the index of leading economic indicators and the RICs housing market gauge. 

Swiss, Danish and Norwegian producer prices, Swedish, Danish and Norwegian consumer prices, Danish trade figures and Icelandic unemployment are due.  Further to the east, the Czech Republic, Romania, Hungary, and Poland report consumer prices.

Australia’s calendar shows data releases of consumer confidence, labor costs, business confidence and conditions, and mortgage lending.  New Zealand food prices, business PMI, retail sales and producer prices are scheduled, and so are South African retail and wholesale turnover and Turkey’s current account and unemployment rate.

Canada releases the monthly survey of manufacturing shipments, orders and inventories, plus trade figures and new house prices.  Brazilian retail sales and Mexican industrial production and trade balance are a sampling of Latin American data offerings next week.

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



Comments are closed.