Next Week

July 18, 2014

Central banks in New Zealand, Hungary, Russia and Colombia have scheduled interest rate policy meetings next week, and minutes from this month’s Bank of England meeting get published.  Reserve Bank of Australia Governor Stevens speaks publicly. 

Japan will be closed on Monday for Marine Day.  A G20 taskforce on employment meets in Brisbane, Australia Tuesday-Thursday.

Scheduled U.S. data include consumer prices, new and existing home sales, the Kansas City and Richmond Fed manufacturing indices, The Chicago Fed National Activity Index, a preliminary estimate of the Markit Economics manufacturing PMI, durable goods orders, and weekly figures on jobless insurance claims, energy inventories, chain store sales, consumer comfort, and mortgage applications.

Euroland’s data calendar features prelimiinary PMI readings for the whole region as well as Germany and France.  M3 money, bank lending and the regional index of leading economic indicators arrive.  Among individual members of the currency union, Germany reports producer prices, import prices and the IFO business sentiment index.  French business sentiment and Italian orders, retail sales  and wages are due.  So are Spanish and Italian unemployment, the Greek trade balance, Austrian industrial production and Belgian business sentiment.

Britain will be reporting retail sales, public sector borrowing and revised GDP.  The Rightmove and Hometrack house price indices and CBI’s industrial trends and distributive services survey results are due, too.  Trade figures arrive from Sweden and Switzerland. Denmark and Sweden release retail sales.  Sweden, Finland and Iceland report producer prices.

In Asia, Japan reports the all industry index, customs trade data, corporate service prices, consumer prices, supermarket sales, and the index of leading economic indicators.  Preliminary estimates of the Japanese and Chinese PMI manufacturing survey estimates arrive.  So does South Korean GDP, Singaporean consumer prices and industrial production, and Hong Kong and Filipino trade numbers.

Canadian and Mexican retail sales arrive, as do Mexican trades and Brazil’s current account and consumer sentiment index.  New Zealand and Turkey each report trade numbers.  Australia’s calendar features second-quarter consumer prices.

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


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