Next Week

December 26, 2014

Aside from a slew of manufacturing purchasing manager surveys for December, little is scheduled next week in the way of released data or central bank watching.  Only the Bank of Israel has a scheduled interest rate meeting.  No holiday closure is more widely shared than New Year’s Day, and Japan’s market will be shut on December 31 and January 2 as well.

The third and final Greek presidential election on Monday offers the last chance to avert a general parliamentary election in January.

Scheduled U.S. data releases include the Case Shiller house price index, the Conference Board index of consumer confidence, pending home sales, construction spending, the midwestern regional as well as national manufacturing PMI surveys, and weekly observations of chain store sales, jobless insurance claims, mortgage applications and energy inventories.

Euro area money and credit growth are due.  So are German retail sales and import prices, Italian producer prices and consumer confidence, Spain’s current account and retail sales, Greek and Cypriot producer prices, Cypriot industrial production, Greek retail sales, and Finnish consumer sentiment.

British M4 money growth, consumer credit and Nationwide home price index arrive, as does the UBS gauge of Swiss consumption demand.

Some Asian releases to watch will be trade reports from Hong Kong, Thailand, and Indonesia, Japan’s monetary base, China’s index of leading economic indicators, Malaysian and Singaporean producer prices, South Korean and Indonesia CPIs, Singaporean GDP, and South Korea’s current account and industrial production.

Australian private credit is due as are Turkish and Brazilian trade figures.

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



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