Next Week

February 5, 2016

Highlights:  Janet Yellen semi-annual Humphrey-Hawkins testimony.  Release of Eurozone GDP,  U.S. retail sales, British industrial output, and Japanese current account.

Central Bank Watch:  Fed Chair Yellen testifies Wednesday before the House Financial Services Committee and on Thursday to the Senate Banking Committee.  The Fed releases the monthly labor market conditions index.  Interest rate policy meetings are scheduled in The Philippines, Chile, Peru, Sweden, and Iceland.  Williams of the Fed and Lane of the Bank of Canada speak publicly.

Scheduled U.S. Data Releases:  Retail sales, import prices, the U. Michigan consumer sentiment index, the monthly Federal budget statement, the NIFB small business sentiment index, the Labor Department JOLTS index, and weekly consumer comfort, chain store sales, jobless insurance claims, energy inventories and mortgage applications.

Japanese Releases:  Current account, bankruptcies, labor cash earnings, economy watchers index, money and bank lending growth, machine tool orders, and corporate goods prices.

Selected Other Asian Data:  Chinese foreign direct investment, money growth and bank lending.  Indian and Malaysian industrial production.  South Korean index of leading economic indicators.

Euroland:  GDP, industrial production, and the Sentix index of investor sentiment.

Members of the Eurozone:  The eurozone and EU GDP estimate includes GDP figures for individual economies in those unions.  German, Greek, Dutch, Italian, Finnish, and French industrial production.  German current account, trade balance, and CPI.  French business sentiment and current account.  Greek unemployment and Dutch consumer prices and retail sales.  Portugal’s CPI and Spain’s index of leading economic indicators.

The U.K. and Switzerland:  British monthly GDP, RICs house price balance index, industrial production, construction output, and trade balance.  Swiss consumer prices.

Nordic Europe:  Denmark’s and Sweden’s current accounts.  Norwegian consumer and producer prices.  Danish consumer prices.

Eastern Europe:  Polish, Czech, Romanian and Hungarian industrial production.  Czech trade, CPI, current account and unemployment.  Hungary’s trade balance and Polish consumer prices.

Mexico:  Consumer prices, industrial production, and index of leading economic indicators.

New Zealand and Australia:  New Zealand’s manufacturing PMI.  Australian consumer sentiment, business confidence and conditions and new home loans.

Turkey and South Africa:  Turkish industrial production and current account.  South African industrial output.

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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