Next Week

May 22, 2015

Monday Holidays:  U.S. and British markets will be shut May 25 for Memorial Day and a spring bank holiday, respectively, while several Continental European countries observe Whit Monday.

Central Banks:  Policy meetings are scheduled in Canada, Hungary and Israel.  The Bank of Japan releases minutes of a prior meeting, and ECB President Draghi and BOJ Governor Kuroda speak publicly.  So do several Fed officials: Mester, Fisher, Kocherlakota, Lacker and Williams.

U.S. Data Releases:  Real GDP, new home sales, the FHFA and Case Shiller house price indices, pending home sales, the Richmond and Dallas Fed manufacturing indices, the Chicago and Richmond Fed manufacturing purchasing manager surveys, consumer confidence, the U. Michigan consumer sentiment index and weekly chain store sales, jobless insurance claims, energy inventories, consumer comfort and mortgage applications.

Japanese Data:  Customs trade, consumer prices, industrial production, motor vehicle output, real cash earnings, retail sales, household spending, unemployment, housing starts, construction orders, and small business sentiment.

Other Selected Asian Statistical Releases:  Singapore and Filipino GDP.  Thai and Hong Kong trade.  China’s index of leading economic indicators, consumer confidence and corporate profits.  Singapore’s CPI and PPI.  South Korean retail sales, industrial production and consumer confidence.  Malaysian unemployment and PPI.

Euroland:  M3 money, private credit, and economic sentiment.

Eurozone Members:  German consumer confidence and index of leading economic indicators.  French producer prices, consumer sentiment, and consumer spending.  Italian, Spanish, and Greek GDP.  Italian PPI, CPI, business sentiment and consumer confidence.  Spanish CPI, PPI and current account.  Finnish PPI, Belgian business sentiment, Greek retail sales, Cypriot PPI, and Irish retail sales.  Austrian producer prices and manufacturing purchasing managers survey.  Portuguese industrial output and retail sales.

British Data:  Real GDP, consumer confidence, the CBI distributive trades survey, and the Nationwide home price index.

Switzerland:  Industrial production, GDP, trade, the index of leading economic indicators, and the UBS consumption indicator.

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

Eastern Europe:  Czech business and consumer confidence.  Polish GDP.  Polish and Hungarian unemployment.

Canada:  Both monthly and quarterly GDP.  Current account and producer prices.

Brazil and Mexico:  Brazilian GDP and consumer sentiment.  Mexican current account, trade balance, retail sales and unemployment.

Australia and New Zealand.  Australian quarterly business investment, new home sales, index of leading economic indicators, private credit and money growth.  New Zealand trade, building permits, business sentiment, and money growth.

Turkey and South Africa:  Turkish and South African trade balance.  South African GDP, unemployment, PPI, and index of leading economic indicators.

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



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