Next Week

September 26, 2014

Tuesday marks the end of September, the third quarter, and Japan’s fiscal halfChina will be closed after Tuesday and for the remainder of the week to observe its National Holiday.  German markets are shut Friday, October 3 for Unity Day, marking the the commemoration of the 24th anniversary of the reunification of former West and East Germany.

September purchasing managers survey findings for many countries and covering manufacturing, services and construction will be released next week.

The Reserve Bank of India, European Central Bank, Bank of Iceland and National Bank of Romania hold policy meetings.  As always, the ECB meeting on Thursday will be followed by a Draghi press conference.

Japan’s heavy data release calendar includes industrial production, labor statistics, retail sales, household income, housing starts, labor cash earnings, construction orders, small business sentiment, auto sales and output, and the Bank of Japan’s quarterly corporate survey, known as the Tankan.

Some other Asian releases next week will be consumer prices for South Korea, Thailand, Indonesia and Singapore, Malaysian and Thai producer prices, South Korea’s current account and industrial output, Malaysian trade, and Thai consumer confidence.

From the euro area, investors will get data on unemployment, consumer prices, economic sentiment, retail sales and producer prices.  Germany,Italy, Spain, Belgium and Cyprus release consumer prices, while Italy, Austria, France and Greece report producer prices.  Portuguese retail sales and industrial output, German unemployment and retail sales, and French consumer spending are some of the other arriving national indicators from the region.

Britain will be reporting M4 money, consumer confidence, quarterly GDP and the current account, shop prices, the Nationwide house price index and the Royal Institute of Chartered Surveyors’ house price balance gauge.

Denmark releases GDP and labor statistics.  Sweden reports industrial output.  The Swiss index of leading economic indicators is due, and so are Norwegian retail sales and Icelandic producer prices.  Further east, Hungary and Romania report their PPI indices, Poland releases its currnt account, and the Czech Republic and Romania publish GDP figures. 

The U.S. data calendar features nonfarm payroll employment, personal income and spending, and the Case Shiller house price index.  Other U.S. data arriving next week include construction spending, the trade balance, pending home sales, consumer confidence, the unemployment rate and hourly wage earnings, auto sales, the Dallas Fed manufacturing index, the regional New York, Chicago and Milwaukee PMIs, and the usual weekly readings on chain store sales, energy inventories, consumer comfort, jobless insurance claims, and mortgage applications.

In Canada, monthly GDP, producer prices, trade, and raw material prices are due.  Brazil releases trade and industrial output, while Mexico reports consumer confidence.

Australia has several releases scheduled: money and credit, retail sales, trade, new home sales, building permits, and its PMIs in manufacturing and services.  New Zealand building consents and industrial sentiment get reported, as does South Africa’s trade balance.

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



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