Next Week

February 13, 2015

Holidays:  U.S. Presidents Day on Monday and the Lunar New Year later in the week.  China, Hong Kong, Taiwan, Singapore and Thailand are closed Thursday and Friday.  The Philippines and Indonesia are closed just Thursday.  Vietnam is shut all week, and South Korea observes Seoulai from Wednesday onward.

Ecofin:  Finance ministers in the eurozone will be meeting Monday and Tuesday.

Central Banks:  Policy meetings are scheduled next week in Japan, Indonesia, South Korea and Colombia.  The Bank of England and FOMC will publish minutes of their last meeting.  BOJ Governor Kuroda holds a press conference.  Swiss National Bank President Jordan delivers a speech, and so does Philadelphia Fed President Plosser.

U. S. Data:  Industrial production, producer prices, housing starts, building permits, Conference Board index of leading economic indicators, Markit Economics preliminary estimate of manufacturing purchasing managers index, the Empire State and Philly Fed manufacturing surveys, the National Association of Home Builders housing market index, Treasury-compiled capital flows, and weekly observations of jobless insurance claims, consumer comfort, energy inventories, mortgage applications, and chain store sales.

Eurozone Data:  Preliminary PMI and consumer confidence findings, construction output, current account, trade balance, and ZEW survey of investor confidence.

Members of Euroland:  The German and French preliminary PMIs; German PPI and ZEW Institute index; CPI data for France, Italy, Ireland, Cyprus, Greece and Finland; Italian, Belgian and Spanish trade statistics; Italian industrial orders and sales; Dutch retail sales, unemployment and consumer confidence; the Greek current account, and Portuguese retail sales and industrial production.

Eastern Europe:  Polish producer prices and industrial output.  Romanian CPI.

Great Britain:  Consumer prices, retail sales, producer prices, retail prices, Rightmove and DLCG house price indices, CBI industrial trends survey, public-sector borrowing, and labor market statistics.

Nordic Europe:  Danish retail sales, consumer sentiment, and PPI.  Norwegian trade balance, Swedish CPI and Icelandic wages.

Switzerland:  Trade surplus and ZEW index of investor sentiment.

Japan:  4Q GDP, revised industrial production, capacity usage, department store sales, index of leading economic indicators, all industry index and preliminary PMI among manufacturers.

Other Asia:  Chinese property prices, foreign direct investment and business sentiment; South Korean producer prices and trade; Singaporean and Thai GDP; Indonesian trade; and Malaysian consumer prices.

Canada:  Retail sales and wholesale turnover.

Latin America:  Mexican GDP and index of leading economic indicators.  Brazilian index of leading economic indicators.

New Zealand: Service-sector purchasing managers index, retail sales, consumer confidence and 4Q PPI.

Australia: New auto sales and index of leading economic indicators.

Turkey and South Africa:  Turkish consumer confidence and unemployment.  South African wholesale sales.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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