Next Week

November 15, 2013

Central bank interest rate policy meetings are scheduled next week in Japan, Turkey, South Africa, Chile and Israel.  Minutes from the most recent policy meetings of the Bank of England, Reserve Bank of Australia and FOMC will be released.  Governor Kuroda of the BOJ will hold a press conference following that bank’s policy meeting, and Governor Stevens of the Reserve Bank of Australia speaks publicly, too.  So do a variety of Fed officials headed by Chairman Bernanke and including Lacker, Bullard, Plosser, Dudley, Kocherlakota, Evans, and George.    U.S. Treasury Secretary Lew also speaks to the public next week, and the OECD will release its latest Economic Outlook.

There’s a decently sized calendar of data releases, featuring in particular preliminary purchasing manager survey results for November covering Euroland, Germany, France, China and the United States.

Other arriving euro area releases include consumer confidence, the business climate, the ZEW indices of investor sentiment toward the Ezone and Germany, the trade and current accounts, producer prices, construction output, and car sales.  Data releases from Ezone members will be Germany’s PPI, IFO index, and revised and more detailed GDP; Spanish and Belgian trade, Dutch and Belgian consumer confidence, the Greek and Portuguese current accounts, the French index of leading economic indicators, Italian orders and wage costs, Belgian business sentiment, and Dutch consumer spending.

Elsewhere from Europe, British reports on the latest budget figures, the Rightmove house price index, and the monthly CBI survey of industrial trends.  Swiss trade numbers, money growth, international reserves, and business sentiment are due, as are Danish retail sales and consumer sentiment, Poland’s PPI and industrial production index, and Icelandic consumer prices and wages. 

Retail sales and consumer prices head a list of U.S. data releases that also includes the employment cost index, the JOLTS labor market survey index, existing home sales, the National Association of Home Builders housing market index, the Philly Fed and Kansas City Fed manufacturing indices, business inventories, capital flows, and weekly observations of consumer comfort, jobless insurance claims, mortgage applications, energy inventories and chain store sales.

Canada reports consumer prices, retail sales and wholesale turnover.  Some Latin American releases next week are Chilean GDP, Mexican GDP and retail sales, and Brazilian unemployment and current account.

Japan releases department store and supermarket sales, customs trade figures, the Shoko Chukin index of small business sentiment, and the all industry index.  There will be Chinese releases of business sentiment, property prices, and foreign direct investment.  Malaysia and Hong Kong report unemployment and CPI inflation.  Thailand and Singapore each release GDP. South Korea’s PPI, and Singapore’s current account are due, too.

The data pickings will be lean from Australia (index of leading economic indicators), South Africa (CPI), and New Zealand (services PMI and producer prices).

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



Comments are closed.