Next Week

October 10, 2014

The annual meeting of the IMF/World Bank continues place in Washington this weekend.

A triple Monday holiday kicks off the week: Columbus Day in the U.S., Thanksgiving in Canada and Health/Sports Day in Japan.

Central bank policy meetings are scheduled in South Korea, Chile and Serbia.  The Fed Beige Book of regional trends arrives on Wednesday, and several Fed officials, including Yellen, Bullard, Lockhart, Plosser, Evans, Tarullo and Kocherlakota speak publicly during the week.  ECB President Draghi and Deputy Governor Debelle of the Reserve Bank of Australia also will be speaking to audiences.

Scheduled U.S. data next week include retail sales, industrial production, housing starts and permits, the NAHB housing index, producer prices, the NFIB index of small business confidence, the Empire State and Philly Fed manufacturing indices, the U. Michigan/Reuters preliminary gauge of consumer sentiment, and Treasury-compiled capital flows.  The usual weekly stuff — chain store sales, jobless insurance claims, energy inventories, consumer comfort and mortgage applications are will attract market attention.

Euro area construction output, car sales, consumer prices and trade data are due.  The ZEW Institute reports on investor sentiment toward the euro area and Germany.  German consumer prices, wholesale prices and index of leading economic indicators arrives, too.  So do French, Italian, Spanish, and Austrian consumer prices, Portuguese produceer prices, Greek import prices, the French, Spanish and Italian current accounts, Dutch and Finnish retail sales, the Irish construction PMI index and trade balance, France’s index of leading economic indicators and Finnish GDP.

In Eastern Europe, Hungarian and Polish industrial production and Czech and Policy producer prices are scheduled for release.

In the Nordic bloc, Swedish and Icelandic consumer prices will be reported, as will Denmark’s PPI, Norway’s trade balance, and Swedish unemployment.

Britain’s calendar of data releases shows consumer, producer and retail prices, same store retail sales, labor statistics, industrial trends, and the DCLG index of house prices.  Swiss producer prices arrive.

Japan will be releasing corporate goods prices, revised industrial production, capacity usage, money growth, machine tool orders, and department store sales.

China’s data releases will be money and bank lending growth, consumer prices, producer prices, foreign direct investment, business sentiment, and the trade balance.  Some other Asian releases of note are South Korean unemployment, Indian wholesale prices, the Singaporean and Indian trade balances, Malaysian consumer prices, and Singaporean GDP and retail sales.

New Zealand reports quarterly consumer price inflation and the monthly business PMI.  Australian motor vehicle sales, expected inflation, consumer confidence and business confidence and conditions are scheduled releases next week, as are South African retail sales and Turkish unemployment.

Canada will be releasing consumer prices and its monthly survey of manufacturing shipments, orders and inventories.    Brazil reports retail sales and the index of leading economic indicators, while Mexico releases unemployment.

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



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