Next Week

December 25, 2015

Holidays:  A number of countries observe Boxing Day on Monday:  Britain, Canada, Ireland, Australia, New Zealand, Bermuda, Ghana, and Fiji.  No holiday is more broadly observed than New Year’s Day, which falls on Friday for only the sixth time since the dollar floated in 1973.  Because of that configuration, the final week of 2015 has the fewest data releases of any week in the year.  Other examples when the calendar year began on Friday were 1981, 1987, 1992, 1998, and 2009.  Most markets will be closing early on Thursday.

Central Banks:  The Bank of Israel holds its monthly interest rate meeting on Monday, and minutes of the last European Central Bank, known as the ECB Account, will be released on Thursday.

Scheduled U.S. Data:  The Case-Shiller house price index, pending home sales, the Milwaukee and Chicago regional manufacturing purchasing manager survey results, consumer confidence, the trade deficit, the Dallas Fed manufacturing index, and weekly observations of jobless insurance claims, mortgage applications, consumer comfort, Redbook chain store sales and energy inventories.

Japanese Data:  Industrial production, retail sales, auto production, the tertiary index, and the monetary base.

Selected Other Asian Releases:  China’s government-compiled manufacturing and non-manufacturing PMIs and the Conference Board index of leading economic indicators.  Singaporean and Malaysian producer prices.  Thai, Hong Kong and Filipino trade balances.  South Korean retail sales, consumer prices and industrial output.

Euroland:  Money and credit growth. 

Members of the Eurozone:  German import prices and Cypriot industrial output.  Spanish and Austrian current accounts.  Greek, Austrian and Italian producer prices. German and Spanish retail sales.  Italian business and consumer sentiment.

Nordic Europe:  Swedish trade and Norwegian retail sales.

Britain and Switzerland:  British Nationwide house price index and UBS Swiss consumption indicator.

Eastern Europe:  Czech consumer and business confidence.

Australia and Turkey:  Australian PPI, private credit, manufacturing PMI survey and consumer sentiment compiled by Westpac.  Turkish trade balance.

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



Comments are closed.