Next Week

February 20, 2015

Holidays: Chinese markets remain closed Monday and Tuesday for the Lunar New Year.

Central Banks: Policy meetings in Israel, Hungary and Turkey.  Released minutes from the Bank of Japan.  Fed Chairperson Yellen delivers Humphrey-Hawkins semiannual testimony on the economy and policy before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday.  ECB does a targeted LTRO.

U.S. Economic Data:  Consumer prices, revised GDP, existing and new home sales, pending home sales, Case-Shiller and FHFA house price indices, Dallas, Richmond and Kansas City Fed manufacturing indices, Conference Board and U. Michigan consumer sentiment indices, Chicago Fed National Activity Index, Chicago and Milwaukee regional manufacturing PMIs, durable goods orders, plus weekly figures for jobless insurance claims, chain store sales, mortgage applications, consumer comfort and energy inventories.

Japanese Data:  CPI, industrial production, retail sales, household spending, labor statistics, housing starts, construction orders, supermarket sales, motor vehicle production, and corporate service prices.

Other Selected Asian Data Releases:  Singaporean PPI, CPI and industrial output; Filipino and Hong Kong trade; Malaysian producer prices and Thai current account.

Eurozone Data:  Consumer prices, various sentiment indices, money and credit growth, and index of leading economic indicators.

Members of Euroland:  German IFO business climate index, retail sales, revised GDP, index of leading economic indicators, and import prices; French business sentiment, PPI, and consumer spending; Italian CPI, current account, wages, retail sales, and business and consumer confidence; Spanish, Greek and Portuguese GDP; Finnish and Belgian consumer confidence; Greek and Cypriot producer prices; Cypriot industrial production; Portuguese business and consumer confidence; and Austrian manufacturing purchasing managers index.

Eastern Europe:  Czech and Polish GDP; Czech PPI, business sentiment and consumer confidence; Polish retail sales and unemployment; and Hungarian PPI.

Australia and New Zealand:  Aussie quarterly labor cost inflation; money growth in both Australia and New Zealand; New Zealand business sentiment and building permits; Australian new home sales and private credit growth. 

South Africa and Turkey:  South African GDP, PPI, trade and money growth.  Turkish trade balance.

Canada and Latin America: Canadian consumer prices.  Mexican retail sales and current account.  Brazil current account.

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



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