Next Week

August 29, 2014

Next week will be holiday-shortened because of Labor Day observances on Monday in the United States and Canada.

Central bank policy meetings will be held in the U.K., Euroland, Japan, Brazil, Poland, Mexico, Romania, Sweden, and Canada.  The Fed Beige Book gets published on Wednesday, and BOJ minutes will be released Friday.  Mester, Plosser and Powell are among the Fed officials with public speaking events in the week.

August purchasing managers survey results for manufacturing and services get reported for many countries.  In addition, investors will learn the outcome of retail PMI surveys for Euroland, Germany, France and Italy, plus construction PMIs for the U.K. and Germany.

Besides its PMI surveys, the U.S. data calendar features the Labor Department monthly jobs report, the trade deficit, and factory orders and also includes the NAPM manufacturing index, construction spending, the IBD/TIPP optimism index, quarterly productivity and unit labor costs, monthly motor vehicles sales, the ADP estimate of private employment, and weekly checks on jobless insurance claims, energy inventories, consumer comfort, mortgage applications and chain store sales.

Japanese data to be released include second quarter business investment and monthly auto sales, monetary base, labor cash earnings, reserves and index of leading economic indicators.  Some other Asian releases are South Korean consumer prices, trades, and GDP, Indonesian, Thai and Filipino consumer prices, Thai consumer sentiment and producer prices, and Indonesian trade.

Britain will be reporting mortgage approvals, M4 money, the Halifax home price index, same-store retail sales, the RICs housing index, and car sales. 

Norway and Sweden report their current accounts and industrial output.  Switzerland also releases industrial production as well as GDP and reserves.

Euroland releases producer prices, GDP and retail sales.  German GDP, orders, and industrial production arrive.  So do French consumer confidence, Greek, Finnish and Belgian GDP, Dutch consumer prices and Austrian industrial output.

In Eastern Europe, Romania, Hungary and the Czech Republic release retail sales.  Romanian producer prices and Hungary’s trade balance are scheduled, too.

Turkish producer and consumer prices are each due.

Like the U.S., Canada reports employment, unemployment and wages on Friday and will be releasing quarterly productivity and unit labor costs during the week.  Canadian and U.S. trade data are due Thursday but will be eclipsed by ECB President Draghi’s press conference that day. 

South of the equator, Brazil releases trade data, industrial production and its CPI.  Australia is set to report on expected inflation, the current account, GDP, the trade balance, building consents, and retail sales.  New Zealand’s terms of trade gets reported. 

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



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