Next Week

March 20, 2015

Central Banks:  Interest rate policy meetings are scheduled in Taiwan, Mexico, Hungary, the Czech Republic, South Africa, The Philippines, and Israel.  Fed Governor and Vice-Chair Stanley Fisher and regional presidents Mester of Cleveland, Evans of Chicago, Bullard of St. Louis, Williams of San Francisco and Lockhart of Atlanta will be speaking publicly.  So will Governor Poloz of the Bank of Canada and Deputy Gov Edey of the Reserve Bank of Australia.

Holiday Closure:  Greek Independence Day, celebrating the War of Greek Independence in 1821, is on Wednesday, and it will be interesting how this nationalism-laden occasion affects the list of Greek reforms that political leaders have promised to submit within the next few days.

U.S. Data Releases:  Existing and new home sales, the FHFA and Case Shiller home price indices, consumer prices, the Kansas City and Richmond Fed manufacturing indices, durable goods orders, revised 4Q GDP, the Chicago Fed National Activity Index, preliminary manufacturing and service-sector purchasing manager indices compiled by Markit Economics and the Reuters/U. Michigan consumer sentiment index, plus the usual suspects of weekly figures for jobless insurance claims, chain store sales, mortgage applications, consumer comfort and energy inventories.

Japanese Economic Statistics:  Consumer prices, retail sales, household spending, labor statistics, housing starts, construction orders, supermarket sales, small business sentiment, corporate service prices, the preliminary manufacturing purchasing managers survey, and the monthly government economic assessment.

Selected Other Asian Data:  Hong Kong, Filipino and Thai trade figures.  Singapore’s CPI, PPI and industrial production.  Chinese consumer confidence, corporate profits, index of leading economic indicators, and manufacturing purchasing managers survey.  South Korean GDP and consumer sentiment.

Australia, New Zealand, Turkey and South Africa:  Australian consumer confidence and the index of leading economic indicators.  The New Zealand trade balance.  Turkish consumer sentiment, and South African producer prices and index of leading economic indicators.

Eurozone Data:  Money and credit growth, consumer confidence, the index of leading economic indicators, and preliminary estimates of the composite, manufacturing and service-sector PMI indices.

Members of Euroland:  Preliminary German and French purchasing manager survey results.  German consumer confidence, import prices and IFO business climate survey.  French business sentiment and GDP.  Italian wages, industrial orders, and retail sales.  Belgian and Dutch business sentiment.  Spanish and Finnish producer prices.  Dutch and Greek current accounts.  Dutch GDP and consumer spending.  Austrian industrial production.

British Data:  Retail sales, consumer prices, retail prices, producer prices, DCLG home price index, Bankers Association mortgage figures, and consumer confidence.  The Confederation of British Industries releases both the monthly industrial trends and distributive trends surveys.

Nordic Europe:  Swedish trade, PPI, retail sales, and consumer confidence.  Icelandic consumer prices and Norwegian unemployment.

Switzerland:  The UBS consumption indicator and spring macroeconomic forecast from KOF.

Eastern Europe:  Polish and Hungarian unemployment.

Latin America:  Brazilian GDP and current account.  Mexican trade and unemployment.

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



Comments are closed.