Next Week

May 29, 2015

Holidays:  Queen’s Birthday in New Zealand (Monday) and Republic Day in Italy (Tuesday).

Special Events:  OPEC meeting in Vienna, release of OECD Outlook, and Greek debt payment to IMF, all on Wednesday.

Central Bank Watch:  Policy meetings are scheduled at the Reserve Bank of Australia, Reserve Bank of India, European Central Bank, Bank of England, Bank of Mexico, Central Bank of Brazil and National Bank of Poland.  ECB President Draghi will run a press conference following its policy decision.  BOJ President Kuroda and Board member Shirai have scheduled speaking engagements.  The Fed Beige Book of regional economic conditions will be published Wednesday, and Governor Turullo, Boston Fed President Rosengren, Chicago Fed President Evans, and New York Fed President Dudley speak publicly, too.

Purchasing Manager Surveys:  Numerous PMI surveys will be reported for various countries covering manufacturing, services, construction, and retail activities.

Other U.S. Data Release Highlights:  Labor Department statistics on jobs, unemployment, hourly wage earnings, labor market participation, productivity, and jobless insurance claims.  Also arriving are the trade deficit, personal income and spending, the PCE price deflator, the New York PMI (known as the NAPM index), motor vehicle sales, factory orders, the ADP private employment estimate, consumer credit, the IBD/TIPP Optimism index, and weekly chain store sales, energy inventories, consumer comfort, and mortgage applications.

Japanese Statistical Releases:  The monetary base, motor vehicle sales, labor cash earnings, quarterly business investment and corporate profits, and the indices of leading and coincident economic indicators.

Other Selected Data from Asia:  Filipino and Thai CPI and PPI.  Chinese, Indonesian and Malaysian trade.  Indonesian and South Korean consumer prices.  Hong Kong retail sales, China’s index of leading economic indicators, and the South Korean current account.

Euroland:  GDP, retail sales, consumer prices and producer prices.

Members of the Eurozone:  German industrial orders, unemployment and CPI.  French, Spanish Greek, Portuguese, Austrian and Italian unemployment.  Belgian and Finnish GDP.  Spanish industrial production and home prices.  Dutch and Cypriot consumer prices.  French trade deficit.

Great Britain:  The Nationwide and Halifax house price indices, mortgage lending and money growth, shop prices, and CPI expectations.

Eastern Europe:  Romanian and Czech retail sales.  Romanian and Hungarian GDP.  Hungarian industrial output.

Nordic Europe:  Swedish retail sales, Icelandic GDP and Norwegian industrial output.  Swedish and Norwegian current accounts.

Canada:  Trade balance, labor force survey, and quarterly productivity.

Latin America:  Brazilian trade and industrial output.  Mexican consumer sentiment.

Australia:  Retail sales, current account, trade balance, GDP, corporate earnings, building permits and expected inflation.

New Zealand and Turkey:  New Zealand’s terms of trade.  Turkish consumer and producer prices.

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



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