Next Week

June 26, 2015

Central Banks:  Interest rate policy meetings at Swedish Riksbank and National Bank of Romania.  Bank of England Financial Stability Report and ECB “Account” of Governing Council meeting get published.  Reserve Bank of Australia Governor Stevens delivers a speech.

Holidays:  Canada Day on Wednesday and U.S. Independence Day (observed) on Friday.

Special Events:  Greek $1.5 billion Debt Payment to IMF is due on Tuesday.  End of June, 2Q and first half of 2015 on Tuesday.  Luxembourg assumes Presidency of the EU Council on Wednesday in a six-month term through December 31.

Purchasing Manager Surveys for June:  Monday — Austria manufacturing.  Wednesday — manufacturing Japan, China, Taiwan, Indonesia, Ireland, Sweden, The Netherlands, South Korea, Vietnam, India, Poland, Turkey, Spain, Czech Republic, Italy, France, Germany, Greece, Britain, Eurozone, Australia, United States, Mexico, Russia, Hungary, Switzerland, Brazil, Sweden, Denmark and Norway.  Government of China releases manufacturing and non-manufacturing PMIs.  Thursday — U.K. construction sector, Canada manufacturing, and Hong Kong private sector.  Friday — Lebanon private sector and South Africa manufacturing.  Services for Japan, China, India, Russia, France, Germany, Euroland, Great Britain, Ireland, Spain, Italy, Australia, Brazil, and Sweden.

Scheduled U.S. Data:  Case Shiller house price index, Dallas Fed manufacturing index, Labor Dept monthly survey of jobs, unemployment, hours worked, and average hourly earnings, Chicago, Milwaukee, and New York regional PMIs, ADP estimate of private employment, construction spending, motor vehicle sales, factory orders and weekly observations of jobless insurance claims, consumer comfort, chain store sales, mortgage applications and energy inventories.

Japanese Data:  Industrial production, retail sales, motor vehicle sales, auto production, housing starts, construction ordeers, labor cash earnings, monetary base, and quarterly Tankan survey of business conditions and expectations.

Selected Other Asian Releases:  South Korean, Thai and Indonesian consumer prices.  Thai and Singaporean producer prices.  Malaysian and Thai trade balances.  South Korean industrial production and retail sales.  China’s index of leading economic indicators.

Eurozone Data:  Economic sentiment, consumer prices, unemployment, producer prices and retail sales.

Members of Euroland:  German, Italian, Spanish, Portuguese, and Cypriot CPI data.  French, Italian, Austrian, Cypriot, and Greek producer prices.  German retail sales and unemployment.  Spanish retail sales and current account.  Italian, Portuguese, and Irish unemployment.  Irish, Portuguese, and Greek retail sales.  French consumer spending.  Portuguese and Cypriot industrial production.

Great Britain:  Halifax and Nationwide house price indices.  Quarterly real GDP and current account.  M4 money, mortgage approvals and consumer confidence.

Nordic Europe:  Danish GDP and unemployment.  Norwegian retail sales and Icelandic PPI.

Eastern Europe:  Hungarian trade, retail sales, and PPI.  Czech GDP and trade.  Romanian retail sales and PPI.  Polish current account.

Switzerland:  Index of leading economic indicators.

Australia and New Zealand:  Australian money and credit growth, new home sales, building permits and retail sales.  New Zealand money, business sentiment, and building consents.

Turkey and South Africa:  Turkish CPI and PPI.  South African trade balance.

Canada and Brazil:  Canadian monthly GDP, PPI and raw material prices.  Brazilian PPI, consumer sentiment, and industrial output.

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



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