Next Week

April 10, 2015

A busy week lies ahead both from a central bank activity and data release standpoint.

Central Bank Watch:  Monetary policy meetings are scheduled in the eurozone, Canada, Poland, Indonesia, and Chile.  The Federal Reserve Beige Book, Bank of Canada’s Monetary Policy Report, and Bank of Japan minutes from the Board meeting of March 16-17 will be published.  Many Federal Reserve officials are scheduled to speak publicly: Rosengren, Bullard, Fisher, Lacker, Lockhart, Mester, and Kocherlakota.  Bank of Japan Governor Kuroda will be delivering a speech, and ECB President Draghi holds a press conference.

Group of Twenty:  Central bank chiefs and finance ministers meet in Washington on Thursday-Friday.  These meetings precede the semi-annual IMF meetings.

Holiday:  Greece will be closed for its Easter Monday holiday on the 13th. 

U.S. Data Arrivals:  Retail sales, industrial production, consumer prices, producer prices, housing starts, building permits, the index of leading economic indicators, the Reuters/U. Michigan consumer sentiment index, the NFIB index small business sentiment, the Empire State and Philly Fed manufacturing indices, and Treasury TIC data on capital flows.  Also getting reported will be weekly jobless insurance claims, mortgage applications, chain store sales, energy inventories, and consumer comfort.

Chinese Data:  1Q GDP and monthly retail sales, industrial production, fixed asset investment, trade, foreign direct investment, international reserves, money growth and bank lending.

Japanese Statistics:  Machinery orders, machine tool orders, money growth, revised industrial output, capacity usage, department store sales, corporate goods prices, and consumer confidence.

Selected Other Asian Data:  Indian wholesale prices and trade.  South Korean, Singaporean and Indonesian trade.  Filipino industrial production and Singaporean GDP and retail sales.

Eurozone Statistics:  Industrial production, consumer prices, current account, trade balance and home prices.

Members of Euroland:  German WPI and CPI.  French CPI and current account.  Italian CPI, industrial production and trade balance.  Spanish, Portuguese, Austrian and Finnish CPI.  Finnish retail sales and Irish construction PMI.  Irish and Belgian trade.

British Data:  CPI, PPI, RPI, unemployment and wages, RICs home balance index, same store sales, DCLG house price index, and same store sales.

Nordic Europe:  Swedish unemployment and CPI.  Danish PPI, Norwegian trade balance, and Icelandic unemployment.

Switzerland:  Producer prices, import prices and retail sales.

Eastern Europe:  Czech current account and producer prices.  Polish CPI, current account and wages.  Hungarian industrial output.

Canada:  Retail sales, consumer prices, existing home sales and monthly survey of manufacturing shipments, orders and inventories.

Brazil:  Retail sales and index of leading economic indicators.

Australia and New Zealand:  Australian labor statistics, business confidence and conditions, auto sales, expected inflation, and consumer confidence.  New Zealand business sentiment and business purchasing managers survey.

South Africa and Turkey:  South African retal sales and wholesale turnover.  Turkish unemployment.

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



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