Next Week

February 14, 2014

U.S. markets will be closed Monday for President’s Day.  European finance ministers hold another meeting early in the week.  The EU Commission will be releasing new forecasts.

On the central bank watching front, interest rate policy meetings are scheduled in Japan, Turkey and Hungary.  Meetings of prior policy meetings get published by the FOMC, Reserve Bank of Australia, Bank of England, and Bank of Japan.  Dudley, Bullard, Williams and Lockhart of the Federal Reserve have public speaking dates.

The U.S. data calendar for next week lists both the Empire State and Philly Fed manufacturing indices, existing home sales and the National Association of Home Builders’ housing market index, the Conference Board’s index of leading economic indicators, consumer prices, the Treasury TIC data, and a preliminary estimate from Markit Economics of the February manufacturing purchasing managers index.  There will also be weekly stuff covering jobless insurance claims, consumer comfort, chain store sales, mortgage applications, and energy inventories.

Figures will be released on Japanese GDP, department and supermarket sales, all industry index, capacity use and trade, plus revisions to industrial production and machine tool orders.

China reports on money and lending growth and business sentiment, and HSBC’s preliminary manufacturing PMI also gets reported for China.  Three other upcoming Asian releases will be South Korea’s PPI, Hong Kong’s CPI and Singapore GDP.

Australian monthly auto sales and index of leading economic indicators are due as well as quarterly labor costs. New Zealand releases retail sales, consumer confidence and producer prices, and South African consumer prices are also scheduled.

For Canada, investors and analysts will learn the latest figures on existing home sales, retail sales, wholesale turnover and consumer prices.  Brazil’s CPI and Mexican GDP arrive, too.

The main release from the euro area will be preliminary purchasing manager surveys for February for the whole area as well as Germany and France.  A flash estimate of Ezone consumer confidence is also scheduled, plus the ZEW readings on investor confidence for the euro area and Germany.  Euroland construction output, current account, and car sales are some other data highlights next week.  Among individual members of the currency union, Italy, Ireland, Finland, Greece and France release consumer prices, and Germany reports producer prices.  The Conference Board reports the index of leading economic indicators for France and Italy.  Italy’s current account and industrial orders are scheduled, too.  Consumer confidence arrives for Belgium and the Netherlands.

Two eastern European releases of note will be Polish producer prices and industrial production.

There are quite a few British releases next week:  the CPI, RPI, PPI, labor statistics, the CBI survey of industrial trends, public sector borrowing, the ONS house price index, and retail sales. 

Regarding Switzerland, next week sees the ZEW index of investor sentiment, the UBS consumption indicator, the trade balance and money growth.  Some Nordic releases in the week will be Danish retail sales and consumer confidence, Icelandic wages, and Swedish consumer prices.

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



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