Next Week

January 31, 2014

Janet Yellen takes over as Fed Chairman tomorrow.  For central bank watchers, monetary policy meetings are scheduled in Australia, Euroland, Britain, Poland, the Philippines, Romania and the Czech Republic during the coming week.

China remains closed for the Lunar New Year holiday on Monday and Tuesday.  New Zealand’s market is closed Thursday for the holiday commemorating the 174th anniversary of the nation’s founding, which goes by the name of Waitangi Day.

Various and sundry purchasing manager surveys for January get released next week.  Most of the manufacturing reports arrive on Monday, and most of the service sector results will be published on Wednesday.  There are also retail PMIs for Euroland, Germany, France and Italy due Wednesday and construction PMIs for Britain, Germany and Australia.

The other data highlight of the week will be the U.S. Labor Department jobs report on Friday, which is preceded by the ADP estimate of private-sector employment growth on Wednesday and weekly jobless insurance claims on Thursday.  Other arriving U.S. statistics in the coming week are the trade deficit, factory orders, auto sales, consumer credit, the federal budget, the IBD/TIPP optimism index, construction spending, the NAPM New York PMI, and weekly feedback on mortgage applications, chain store sales, energy inventories, and consumer comfort.

Staying in the Western Hemisphere, Canada will release its labor market data also on Friday and the trade balance, PPI and raw materials price index earlier in the week.  Mexico releases consumer prices, producer prices and consumer confidence, while Brazil is set to report trade figures, producer and consumer prices, and industrial production.

In Asia, Japan is due to report on auto sales, bankruptcies, the monetary base, labor cash earnings, currency reserves, and the indices of leading and coincident economic indicators.  CPI data arrive from Thailand, the Philippines, and South Korea, producer prices from the Philippines and Thailand, retail sales from Hong Kong, GDP from Indonesia and the trade balance from Malaysia.

Britain’s data calendar shows the Hometrack and Halifax house price indices, car sales, the trade deficit, industrial production, monthly GDP, and shop prices. 

Euroland reports retail sales and producer prices.  Germany releases industrial production and orders.  The release of trade statistics is scheduled for Germany, France, and Finland.  Italian, Belgian and Cypriot consumer prices are due, and so are Spanish and Portuguese unemployment.  Like Germany, the Netherlands will be reporting industrial output.

Some other planned continental European reports of interest will cover Dutch, Swedish, Swiss, Czech and Hungarian retail sales; Danish, Swedish, Hungarian and Czech industrial output; Romanian, Swiss, Hungarian, and Czech retail sales; and Swiss GDP.

Australia releases retail sales and trade numbers, plus expected inflation, building permits, and quarterly business sentiment.  Quarterly labor statistics are due on New Zealand, and Troubled Turkey reports on consumer and producer prices.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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