Next Week

June 19, 2015

Central Banks:  Interest rate policy meetings next week are being held in Turkey, Hungary, the Czech Republic, Israel and The Philippines.  Minutes will be published from the May meeting of the Bank of Japan’s Policy Board.  Powell and George are among the Fed officials speaking publicly.

Greece:  To use two cliches, the drop-dead date in the debt crisis negotiations presumably passes sometime in the week.  That said, it ain’t over until the fat lady sings, and she’s been out at lunch thus far.

Scheduled U.S. Data Releases:  GDP, personal income and spending, new home sales, existing home sales, the FHFA  house price index, the Kansas City and Richmond Fed manufacturing surveys, the Chicago Fed National Activity index, durable goods orders, preliminary results of the U.S. manufacturing and service sector purchasing manager surveys conducted by Markit Economics, the Reuters/U. Michigan consumer sentiment index, and weekly observations of jobless insurance claims, consumer comfort, mortgage applications, chain store sales and energy inventories. 

Japanese Data:  the flash manufacturing PMI survey of Nomura, supermarket sales, household spending, consumer prices, housing starts, construction orders, small business confidence, corporate service prices and monthly labor statistics.

Other Selected Asian Statistical Reports:  Chinese PMI, consumer confidence and index of leading economic indicators.  Hong Kong and Filipino trade.  South Korean consumer confidence, Malaysian unemployment, and Singaporean industrial production.

Euroland:  Preliminary PMI survey findings, M3 money, bank lending, consumer confidence, and index of leading economic indicators.

Members of the Eurozone:  German and French preliminary PMI surveys.  German IFO business climate index, import prices, consumer confidence and index of leading economic indicators.  French consumer sentiment and spending, business sentiment, GDP and index of leading economic indicators.  Italian wages, business sentiment and industrial orders.  Dutch and Portuguese current accounts.  Spanish and Irish producer prices.  Dutch GDP and Spain’s index of leading economic indicators.  Belgian business sentiment.

British and Swiss Data:  Consumer confidence and the CBI surveys of industrial and distributive trends.  Swiss money growth.

Nordic Europe:  Swedish PPI, retail sales and trade balance.  Icelandic wages and consumer prices.  Danish retail sales and consumer  confidence.

Eastern Europe:  Czech consumer sentiment and business confidence.  Hungary’s current account.

Australia, New Zealand, South Africa and Turkey:  New Zealand trade and business confidence.  Australia’s index of leading economic indicators and Turkish consumer sentiment.  South Africa’s PPI and current account.

Mexico and Brazil:  Mexican retail sales and Brazil’s current account.

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



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