Next Week

October 24, 2014

Central bank policy meetings are scheduled in the United States, Japan, Sweden, New Zealand, Russia, Brazil, Colombia, Mexico, Hungary and Israel.  The Bank of Japan publishes its quarterly outlook on economic activity and prices on Friday, and the FOMC meeting is not one of those to be followed by a press conference.

European clocks are turned back an hour this weekend to restore standard time.  This will shorten the interval between New York and D.C. on the one hand and Britain by an hour to four hours and relative to Continental Western Europe by five hours.

New Zealand observes Labor Day on Monday.

Euro area banking stress test results will be reported on October 26.

Some of the key data releases in the week are

  • U.S. GDP, the quarterly employment cost index, personal income and spending, consumer confidence (both from the Conference Board and U. Michigan/Reuters), the Case Shiller house price index, pending home sales, durable goods orders, housing starts, the Chicago and Milwaukee regional manufacturing PMIs, and the Richmond and Dallas Fed manufacturing indices.  Weekly data such as jobless insurance claims, chain store sales, mortgage applications, and energy inventories also will be watched.
  • Japanese small business sentiment, consumer prices, unemployment and other labor statistics, industrial production, auto output, housing starts, construction orders, household spending, corporate service prices and retail sales.
  • Euro area money and credit growth, consumer prices, index of leading economic indicators, unemployment and various measure of sentiment.
  • Among Ezone members, German import prices, retail sales, unemployment, CPI and business sentiment; Spanish, Austrian and Belgian GDP; Austria’s manufacturing PMI, Italian, French, Greek, Irish, and Cypriot producer prices; Finnish and Portuguese consumer confidence and business sentiment; Spanish and Italian consumer prices; Greek retail sales; Dutch business sentiment; Cypriot industrial production; French consumer spending; and the Spanish and Dutch current accounts.
  • British consumer confidence, distributive trade trends, money growth, mortgage applications, and the Nationwide home price index.
  • Swedish trades, retail sales, producer prices and consumer confidence as well as the Swiss index of leading economic indicators.
  • In the Nordic group, Iceland’s CPI, Danish unemployment, and Norwegian unemployment, retail sales and business sentiment.
  • Canadian GDP and producer prices.
  • Mexican trades and Brazilian producer prices from Latin America.
  • Australian consumer confidence, import prices, money and credit growth, and new home sales.
  • New Zealand business confidence, building permits, and money growth.
  • South African unemployment, trade balance and producer prices.
  • Other Asia: the Hong Kong trade balance, Malaysian and Singaporean producer prices, and South Korea’s PMI, industrial production, current account and consumer sentiment.

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



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