Next Week

December 7, 2014

Central bank policy meetings are scheduled during the week ahead in Norway, Switzerland, New Zealand, Chile, Peru, South Korea, Indonesia, The Philippines, Iceland, Serbia, and Russia. 

Euro area finance ministers and the Eurogroup meet on Monday-Tuesday.

Many countries are set to report industrial production, consumer prices and trade figures.

  • Industrial production:  Euroland, Germany, the Czech Republic, Japan (revised), Turkey, South Africa, Britain, Finland, France, Italy, Greece, Malaysia, China, Hungary, Romania, Hong Kong, India and Mexico.
  • Consumer prices:  Switzerland, Italy, Cyprus, the Czech Republic, Greece, Mexico, China, Denmark, South Africa, Norway, Hungary, Ireland, France, Germany, Romania, Portugal, Sweden and Spain.
  • Trade balance:  China, Czech Republic, Germany, France, Denmark, Hungary, Cyprus, Britain, Portugal, Mexico India and The Netherlands.

The U.S. data calendar includes monthly retail sales, small business sentiment from the NFIB, the Labor Department’s JOLTS index, the IBD/TIPP optimism index, producer prices, import prices, the U. Michigan/Reuters consumer sentiment index, the federal budget and weekly observations of jobless insurance claims, energy inventories, mortgage applications, consumer comfort, and chain store sales.

There will be Japanese data releases on bankruptcies, the current account, money growth, bank lending, the economy watchers index, capacity utilization, consumer confidence, machinery orders, machine tool orders, business sentiment, the tertiary index, and revised 3Q GDP.

Scheduled Chinese data in addition to the aforementioned trade balance, CPI and industrial production will cover money and lending growth, fixed asset investment, producer prices and retail sales.  South Korean unemployment and Hong Kong’s PPI are two other Asian data releases of note.

Planned pan-Euroland releases besides industrial production are the Sentix gauge of investor sentiment, unemployment, and quarterly jobs growth.  The German current account, wholesale price index and labor costs will be arriving, and so will French business sentiment, Cypriot GDP, and Greek joblessness.

British upcoming data encompass construction output, the index of leading economic indicators, the RICs home price balance, same store retail sales, the monthly survey of industrial trends, and monthly GDP.

Some other arriving European data reports are Swiss retail sales and unemployment, Norwegian producer prices, the Danish current account, Sweden’s jobless rate, and Russian GDP. 

Canada reports on housing starts, building permits, new home prices and capacity usage.

Two Latin American data releases will be Brazilian retail sales and Mexico’s PPI.

Australian labor market statistics, consumer confidence, housing loans, business confidence, and business conditions index will be reported, as will New Zealand food prices, business purchasing managers index, and consumer sentiment.

Turkey is set to announce the current account and GDP growth, while South Africa releases producer prices and retail sales.

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



Comments are closed.