Next Week

August 21, 2015

Central Banking Beat:  The annual K.C. Fed-Jackson Hole Symposium for central bankers begins on Thursday, August 27 and runs through Saturday August 29.  A speech on the final day of the conference by Vice-Chair Stanley Fisher is awaited for clues about whether the first fed funds hike will come as soon as September.  Fed district presidents Dudley and Lockhart also speak publicly next week, as does Reserve Bank of Australia Governor Stevens.  Monetary policy meetings are scheduled at central banks in Israel and Hungary.

Scheduled U.S. Data:  The Case-Shiller and FHFA home price indices, new home sales, pending home sales, revised 2Q GDP, personal income and spending, the PCE price deflator, the Chicago and Milwaukee regional PMIs, the Kansas City and Richmond Fed manufacturing indices, and weekly observations on jobless insurance claims, chain store sales, energy inventories, consumer comfort and mortgage applications.

Japanese Data Releases:  Unemployment, consumer prices, retail sales, household spending, corporate service prices and the index of leading economic indicators.

Selected other Asian Releases:  Chinese corporate earnings and indices of leading economic indicators.  Hong Kong, Filipino and Thai trade statistics.  Singapore’s CPI, PPI, and industrial output.  Filipino GDP, Malaysian producer prices, and South Korean consumer sentiment.

Euroland:  Economic sentiment, index of leading economic indicators, and monetary and credit growth.

Members of the Eurozone:  German GDP, import prices, retail sales, and IFO index of business climate.  Spanish GDP, PPI, retail sales, CPI and index of leading economic indicators.  French, Greek, Cypriot, Irish, Austrian, and Finnish producer prices.  Italian wages and consumer sentiment.  Belgian CPI. Dutch and Belgian business sentiment.  Austrian industrial production, manufacturing purchasing managers index and GDP.  Finnish unemployment, consumer confidence and business sentiment.  Portuguese consumer and business confidence, plus retail sales.  Cypriot industrial production.

Great Britain and Switzerland:  British GDP, consumer confidence, Nationwide house price index, CBI survey of distributive trades, and BBA estimate of mortgage approvals.  Swiss employment, UBS consumption indicator, GDP, industrial production, current account, and UBS consumption indicator.

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

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

Australia, New Zealand, and South Africa:  Australian and South African indices of leading economic indicators.  Australian corporate investment and consumer confidence. New Zealand trade data and South African PPI and GDP.

Canada, Mexico and Brazil:  Canadian producer prices.  Mexican current account.  Brazilian GDP and consumer sentiment.



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