Next Week

September 19, 2014

This weekend, New York City will be the venue of the People’s Climate March in advance of a summit on what can be done to save the planet, a general election in New Zealand is planned, and G-20 finance ministers and central bankers will be meeting in Cairns, Australia.

Japanese markets will be closed Tuesday to observe the Autumnal Equinox holiday.

On the central banking front, monetary policy meetings are scheduled next week in Israel, Colombia, the Czech Republic, Hungary and Turkey.  Reserve Bank of Australia Governor Stevens will speak on the occasion of the release of that bank’s annual report, and Minneapolis Fed President Kocherlakota and New York Fed President Dudley are among the Fed officials with speaking engagements during the period.

The preliminary findings of several purchasing manager surveys for September will be reported.

  • Markit Economics releases the composite, manufacturing, and service-sector PMI indices for Euroland, Germany and France.
  • Manufacturing PMIs for China (compiled by HSBC) and the United States (compiled by Markit) will be announced, too.
  • So will Nomura’s Japanese PMI for manufacturing.

Scheduled U.S. data releases next week feature revised 2Q GDP and include monthly existing and new home sales, K.C. and Richmond Fed manufacturing indices, the Chicago Fed National Activity Index, the Reuters/U. Michigan consumer sentiment index, the FHFA house price index and durable goods orders, plus weekly jobless insurance claims, chain store sales, consumer comfort, mortgage applications, and energy inventories.

Japan reports consumer prices figures and corporate service prices.  Some other Asian data arrivals will be the Chinese and Indian indices of leading economic indicators, Filipino and Hong Kong trade numbers, South Korean consumer confidence, Singaporean and Hong Kong consumer prices, and industrial output in Singapore.

Euro area money and bank lending are due.  Among members of the common European currency area, Germany releases the IFO business sentiment index, import prices and consumer sentiment.  Revised French GDP and its index of leading economic indicators arrive.  So do Finnish and Spanish producer prices, Italian retail sales, industrial orders and consumer sentiment, Belgian and Dutch business confidence, the Greek current account, and Austrian industrial production.

Further east, Polish retail sales, Hungarian unemployment, and Czech consumer confidence and business sentiment are due.

From the still United Kingdom, investors will be able to peruse public sector finances, the CBI’s distributive trades survey findings, the Nationwide and Hometrack house price indices, and mortgage approvals compiled by the British Bankers Association.

The UBS Swiss consumption indicator and Switzerland’s index of leading economic indicators will be reported.  For those interested in Nordic Europe, Norwegian unemployment, Swedish producer prices, trade surplus and consumer sentiment index, Icelandic wage and consumer price inflation, and Danish retail sales will be announced.

Canada and Mexico each release retail sales.  Mexico also reports trade figures, wholesale turnover, unemployment and the index of leading economic indicators. Brazil’s current account, PPI, and consumer sentiment index are scheduled, too.

Indices of leading economic indicators are also due from Australia and South Africa.  New Zealand consumer confidence, trade balance and building permits arrive.

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



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