Next Week

March 27, 2015

Central Bank Scene:  National Bank of Romania interest rate policy meeting.  Fisher, Kocherlakota, Lockhart, Lacker and Williams of the Fed speak publicly.

Holiday:  Good Friday on April 3rd affects most of Europe, Canada, Australia, New Zealand and parts of the United States.  Japan’s fiscal year ends on Wednesday.

Clocks Changed:  European countries moving clocks forward by one hour on March 29, restoring normal time difference with the United States.

Purchasing Manager Surveys:  Manufacturing — United States, China, Japan, Taiwan, Euroland, Germany, Spain, France, Italy, Ireland, Greece, The Netherlands, Switzerland, Sweden, Turkey, India, Indonesia, Singapore, Austria, South Korea, Vietnam, Brazil, Mexico, Norway, Hungary, Czech Republic, Canada, South Korea, Poland, Hong Kong and Great Britain.  Services — Russia, Japan, China, and Australia.  Construction — Great Britain.

Japanese Economic Data: The Bank of Japan’s quarterly Tankan survey of corporate conditions and expectations.  Industrial production, housing starts, construction orders, motor vehicle output and sales, and real cash earnings.

Selected Other Asian Indicator releases:  South Korean retail sales, industrial output, current account and business sentiment.  China’s index of leading economic indicators and Hong Kong.  Indonesian CPI and consumer confidence.  Thai trade, CPI, and PPI.  Malaysian trade and PPI.  Hong Kong retail sales.

U.S. Releases:   Labor Force survey of jobs, unemployment, and wage conditions.  Personal income and spending.  Chicago, Milwaukee and New York regional PMIs.  Case-Shiller house price index, construction spending and pending home sales.  Dallas Fed manufacturing index, auto production and factory orders.  Auto sales and ADP estimate of private jobs growth.  Weekly jobless insurance claims, consumer comfort, energy inventories, mortgage applications and chain store sales.

Eurozone:  Economic sentiment, unemployment and consumer prices.

Members of Euroland:  German retail sales, CPI and unemployment.  Italian consumer and business sentiment, CPI, PPI, and unemployment.  French PPI and consumer spending.  Greek, Cypriot, and Austrian PPI.  Portuguese retail sales and both consumer and business confidence.  Cypriot industrial production.  Belgian and Cypriot consumer prices.  Greek retail sales.

Great Britain:  Money growth, mortgage approvals and lending, consumer sentiment, revised GDP, and the current account.

Switzerland and Denmark:  Swiss index of leading economic indicators.  Danish GDP.

Eastern Europe:  Hungarian trade and PPI.  Czech GDP.  Romanian PPI and retail sales.

Australia and New Zealand:  Aussie money and credit growth, building approvals, expected inflation, trade, and retail sales.  New Zealand building permits, money growth, home prices, and business sentiment.

Turkey and South Africa:  Turkish CPI, PPI, GDP and trade balance.  South African money and credit, trade, and auto sales.

Canada: GDP, trade, PPI and raw material prices.

Brazil:  Trade, industrial production and producer prices.

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



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